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Business Wire
14-07-2025
- Business
- Business Wire
Shift4 Selected by TIME as One of America's Best Mid-Size Companies
CENTER VALLEY, Pa.--(BUSINESS WIRE)-- Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has been named to TIME's list of America's Best Mid-Size Companies 2025. This prestigious recognition, presented annually by TIME and Statista Inc., acknowledges Shift4's exceptional performance across employee satisfaction, revenue growth, and sustainability transparency. Shift4 delivers an end-to-end commerce solution for businesses across numerous industries, including retail, restaurants, sports and entertainment, hospitality, travel, and unified commerce sectors. The company has demonstrated remarkable growth in recent years and is now operating in 65+ countries across six continents. 'We are proud to receive this recognition from TIME, which acknowledges our commitment to delivering seamless and secure payment solutions at scale while maintaining a strong focus on employee satisfaction,' said Taylor Lauber, CEO of Shift4. 'As we continue to expand our international presence and enhance our technology solutions to benefit merchants around the world, this award reinforces our definitive position as a global payments leader.' America's Best Mid-Size Companies 2025 were identified based on comprehensive criteria including employee satisfaction surveys from 217,000 employees, revenue growth metrics, and sustainability transparency measures. The complete list can be viewed on TIME's website here. About Shift4 Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit
Yahoo
04-07-2025
- Business
- Yahoo
Shift4 wraps up purchase of paytech firm Global Blue
Integrated payments company Shift4 Payments has completed the acquisition of Swiss payments and technology firm Global Blue. The deal, first announced in February this year, valued the company at nearly $2.5bn. Global Blue, with a history of over 40 years, is known for its tax-refund and currency conversion technology services used by retailers and hospitality providers in Europe, Asia, and South America. Global Blue's merchant solutions will be integrated into Shift4's payment platform to deliver a more service offering to merchants. Global Blue, known for its extensive network, connects a large number of international shoppers with merchants and engages with consumers through its dedicated app. Following the acquisition, Shift4 Payments and Global Blue plan to introduce a new payment terminal that combines VAT refund, DCC, and payment processing in a single device. The acquisition also results in partnerships with Ant International and Tencent, aiming to explore potential collaborations on global e-commerce payment products. This includes potentially incorporating payment services such as Alipay+ and WeChat Pay into the Shift4 ecosystem. Upon conclusion, the board of directors of Global Blue has been reconstituted with appointees from Shift4 Payments. Shift4 CEO Taylor Lauber said: 'By integrating Global Blue into our end-to-end platform, we're further expanding our global reach and solidifying our position as a leading unified commerce provider that adds meaningful value to our merchants around the world.' Shift4 Payments also intends to remove Global Blue shares from the New York Stock Exchange and carry out a squeeze-out merger to acquire the remaining minority shares. "Shift4 wraps up purchase of paytech firm Global Blue " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
03-07-2025
- Business
- Associated Press
Shift4 Completes Acquisition of Global Blue
CENTER VALLEY, Pa. & SIGNY, Switzerland--(BUSINESS WIRE)--Jul 3, 2025-- Shift4 Payments, Inc. ('Shift4') (NYSE: FOUR), the leader in integrated payments and commerce technology, and Global Blue Group Holding AG ('Global Blue') (NYSE: GB), the leading specialty payments and technology platform enabling tax-free shopping, dynamic currency conversion, and payments solutions to the world's largest retail brands, today announced the successful completion of the tender offer by GT Holding 1 GmbH, an indirect wholly owned subsidiary of Shift4, to purchase the outstanding shares of Global Blue (the 'Shares') for $7.50 per common share in cash (the 'Tender Offer'). 'This marks the largest acquisition in Shift4's history and reinforces our track record of bold moves that expand our capabilities and deliver the most comprehensive commerce offering in the industry,' said Shift4 CEO Taylor Lauber. 'By integrating Global Blue into our end-to-end platform, we're further expanding our global reach and solidifying our position as a leading unified commerce provider that adds meaningful value to our merchants around the world.' With over 40 years of history, Global Blue is a market leader at the intersection of travel and luxury retail across Europe, Asia, and South America. Hundreds of thousands of premium retail and hospitality locations rely on Global Blue's tax-refund and currency conversion technology, including the world's most iconic luxury and premium retailers as well as other large retail electronics, sportswear and fast fashion brands. Global Blue is the market share leader in the tax-free shopping category, a service that is essential for retailers and other merchants catering to international travelers. Global Blue's merchant solutions will be added to Shift4's global payments platform to deliver an enhanced end-to-end experience for its merchants. The addition of tax refund and currency conversion capabilities enhances Shift4's position as an innovative vendor and trusted partner. Global Blue is the most comprehensive two-sided network in its category, connecting millions of affluent international shoppers to its merchants and directly engaging with international shoppers through its proprietary app, creating powerful network effects and allowing for further product innovation, such as loyalty, digital marketing, and more. Now that the acquisition has closed, Shift4 and Global Blue will soon plan to launch an all-in-one payment terminal to provide VAT refund, DCC, and payment processing services to global merchants. The combined company will be the only provider in the market delivering a complete solution for merchants that combines these three services in a single device. As a result of the transaction, Ant International and Tencent will become strategic partners with Shift4. The partnership will explore collaboration on global e-commerce payment products, including the distribution of global e-wallet gateway service Alipay+, which connects global merchants with 1.7 billion user accounts of 36 digital payment methods across the world, and WeChat Pay, the most widely used mobile payment service in China, throughout the Shift4 ecosystem. The Tender Offer expired as scheduled at one minute after 11:59 p.m. (New York City time) on July 2, 2025. Equiniti Trust Company, LLC, the depositary and paying agent for the Tender Offer, has advised Shift4 and Global Blue that as of the expiration of the Tender Offer, 233,862,778 Shares had been validly tendered and not properly withdrawn pursuant to the Tender Offer, representing in the aggregate approximately 97.37% of the issued and outstanding Shares. All of the conditions to the consummation of the Tender Offer have been satisfied, and Shift4 has accepted for payment and will promptly pay for all Shares that have been validly tendered and not properly withdrawn in accordance with the terms of the Tender Offer Statement on Schedule TO filed with the U.S. Securities and Exchange Commission (the 'SEC') on March 21, 2025, as amended. Effective immediately following the completion of the Tender Offer, the current directors of Global Blue were replaced with those Shift4 appointed directors as approved by the Global Blue shareholders at the extraordinary general meeting of shareholders held on May 6, 2025. As previously announced, Shift4 intends to cause Global Blue to delist its shares from NYSE and effect a squeeze-out merger under Swiss law to acquire all remaining 2.63% of outstanding Shares. About Shift4 Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit About Global Blue Global Blue (NYSE: GB) is the business partner for the shopping journey, providing technology and services to enhance the experience and drive performance. With over 40 years of expertise, today we connect thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 52 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Each of Shift4 and Global Blue intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding Shift4's or Global Blue's, as applicable, respective expectations associated with the acquisition of Global Blue by Shift4, including the completion of the squeeze-out merger, the benefits, synergies, efficiencies, and opportunities arising from the acquisition, and the timing of any of the foregoing. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause each of our actual results, performance or achievements, respectively, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the substantial and increasingly intense competition worldwide in the financial services, payments and payment technology industries; each of our ability to continue to expand our respective share of the existing payment processing markets or expand into new markets; additional risks associated with each of our expansion into international operations, including compliance with and changes in foreign governmental policies, as well as exposure to foreign exchange rates; and each of our respective ability to integrate and interoperate each of our services and products with a variety of operating systems, software, devices, and web browsers, and the other important factors discussed under the caption 'Risk Factors' in Part I, Item 1A in Shift4's Annual Report on Form 10-K for the years ended December 31, 2023 and December 31, 2024, under the caption 'Key Items – Risk Factors' in Item 3(D) in Global Blue's Annual Report on Form 20-F for the years ended March 31, 2025 and March 31, 2024 and each of our other filings with the SEC, respectively. Any such forward-looking statements represent management's expectations as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, each of Shift4 and Global Blue, disclaim any obligation to do so, even if subsequent events cause each of our views to change, respectively. View source version on CONTACT: For further information, contact: Shift4: Investor Relations Tom McCrohan EVP, Head of Investor Relations Shift4 [email protected] Paloma Main Director, Strategy & Investor Relations Shift4 [email protected] Media Contacts Nate Hirshberg SVP, Marketing Shift4 [email protected] Alecia Pulman Partner ICR [email protected] Global Blue: Investor Relations: Frances Gibbons Head of Investor Relations Global Blue [email protected] Media Contacts Virginie Alem SVP Marketing & Communications Global Blue [email protected] KEYWORD: EUROPE SWITZERLAND UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: OTHER RETAIL TECHNOLOGY PROFESSIONAL SERVICES PAYMENTS ELECTRONIC COMMERCE OTHER TECHNOLOGY RETAIL SOFTWARE OTHER PROFESSIONAL SERVICES FINTECH FINANCE SOURCE: Shift4 Payments, Inc. Copyright Business Wire 2025. PUB: 07/03/2025 07:13 AM/DISC: 07/03/2025 07:13 AM
Business Wire
03-07-2025
- Business
- Business Wire
Shift4 Completes Acquisition of Global Blue
CENTER VALLEY, Pa. & SIGNY, Switzerland--(BUSINESS WIRE)--Shift4 Payments, Inc. ('Shift4') (NYSE: FOUR), the leader in integrated payments and commerce technology, and Global Blue Group Holding AG ('Global Blue') (NYSE: GB), the leading specialty payments and technology platform enabling tax-free shopping, dynamic currency conversion, and payments solutions to the world's largest retail brands, today announced the successful completion of the tender offer by GT Holding 1 GmbH, an indirect wholly owned subsidiary of Shift4, to purchase the outstanding shares of Global Blue (the 'Shares') for $7.50 per common share in cash (the 'Tender Offer'). 'This marks the largest acquisition in Shift4's history and reinforces our track record of bold moves that expand our capabilities and deliver the most comprehensive commerce offering in the industry,' said Shift4 CEO Taylor Lauber. 'By integrating Global Blue into our end-to-end platform, we're further expanding our global reach and solidifying our position as a leading unified commerce provider that adds meaningful value to our merchants around the world.' With over 40 years of history, Global Blue is a market leader at the intersection of travel and luxury retail across Europe, Asia, and South America. Hundreds of thousands of premium retail and hospitality locations rely on Global Blue's tax-refund and currency conversion technology, including the world's most iconic luxury and premium retailers as well as other large retail electronics, sportswear and fast fashion brands. Global Blue is the market share leader in the tax-free shopping category, a service that is essential for retailers and other merchants catering to international travelers. Global Blue's merchant solutions will be added to Shift4's global payments platform to deliver an enhanced end-to-end experience for its merchants. The addition of tax refund and currency conversion capabilities enhances Shift4's position as an innovative vendor and trusted partner. Global Blue is the most comprehensive two-sided network in its category, connecting millions of affluent international shoppers to its merchants and directly engaging with international shoppers through its proprietary app, creating powerful network effects and allowing for further product innovation, such as loyalty, digital marketing, and more. Now that the acquisition has closed, Shift4 and Global Blue will soon plan to launch an all-in-one payment terminal to provide VAT refund, DCC, and payment processing services to global merchants. The combined company will be the only provider in the market delivering a complete solution for merchants that combines these three services in a single device. As a result of the transaction, Ant International and Tencent will become strategic partners with Shift4. The partnership will explore collaboration on global e-commerce payment products, including the distribution of global e-wallet gateway service Alipay+, which connects global merchants with 1.7 billion user accounts of 36 digital payment methods across the world, and WeChat Pay, the most widely used mobile payment service in China, throughout the Shift4 ecosystem. The Tender Offer expired as scheduled at one minute after 11:59 p.m. (New York City time) on July 2, 2025. Equiniti Trust Company, LLC, the depositary and paying agent for the Tender Offer, has advised Shift4 and Global Blue that as of the expiration of the Tender Offer, 233,862,778 Shares had been validly tendered and not properly withdrawn pursuant to the Tender Offer, representing in the aggregate approximately 97.37% of the issued and outstanding Shares. All of the conditions to the consummation of the Tender Offer have been satisfied, and Shift4 has accepted for payment and will promptly pay for all Shares that have been validly tendered and not properly withdrawn in accordance with the terms of the Tender Offer Statement on Schedule TO filed with the U.S. Securities and Exchange Commission (the 'SEC') on March 21, 2025, as amended. Effective immediately following the completion of the Tender Offer, the current directors of Global Blue were replaced with those Shift4 appointed directors as approved by the Global Blue shareholders at the extraordinary general meeting of shareholders held on May 6, 2025. As previously announced, Shift4 intends to cause Global Blue to delist its shares from NYSE and effect a squeeze-out merger under Swiss law to acquire all remaining 2.63% of outstanding Shares. About Shift4 Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit About Global Blue Global Blue (NYSE: GB) is the business partner for the shopping journey, providing technology and services to enhance the experience and drive performance. With over 40 years of expertise, today we connect thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 52 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Each of Shift4 and Global Blue intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding Shift4's or Global Blue's, as applicable, respective expectations associated with the acquisition of Global Blue by Shift4, including the completion of the squeeze-out merger, the benefits, synergies, efficiencies, and opportunities arising from the acquisition, and the timing of any of the foregoing. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause each of our actual results, performance or achievements, respectively, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the substantial and increasingly intense competition worldwide in the financial services, payments and payment technology industries; each of our ability to continue to expand our respective share of the existing payment processing markets or expand into new markets; additional risks associated with each of our expansion into international operations, including compliance with and changes in foreign governmental policies, as well as exposure to foreign exchange rates; and each of our respective ability to integrate and interoperate each of our services and products with a variety of operating systems, software, devices, and web browsers, and the other important factors discussed under the caption 'Risk Factors' in Part I, Item 1A in Shift4's Annual Report on Form 10-K for the years ended December 31, 2023 and December 31, 2024, under the caption 'Key Items – Risk Factors' in Item 3(D) in Global Blue's Annual Report on Form 20-F for the years ended March 31, 2025 and March 31, 2024 and each of our other filings with the SEC, respectively. Any such forward-looking statements represent management's expectations as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, each of Shift4 and Global Blue, disclaim any obligation to do so, even if subsequent events cause each of our views to change, respectively.
Yahoo
23-06-2025
- Business
- Yahoo
Shift4 buys Smartpay for $180M
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. The digital payments processor Shift4 Payments agreed to pay NZ$296.4 million ($180 million) to buy Smartpay Holdings, which operates a distribution network selling payments services throughout Australia and New Zealand, according to a Sunday press release. Shift4, which has been on an acquisition tear in recent years, will extend its services to Smartpay's 40,000 merchants in the region. Smartpay, led by CEO Marty Pomeroy, has 235 employees, all of whom will be retained, Shift4 CEO Taylor Lauber said by email on Monday. 'By combining our payment infrastructure with Smartpay's distribution capabilities, we're well positioned to go-to-market at scale in the region,' Lauber said in the release. Allentown, Pennsylvania-based Shift4, which offers point-of-sale hardware as well as payments software, has been buying other companies in the past several years to extend its reach into new regions and deepen its roots in regions where it already operates. It has focused on offering its services in sports and entertainment venues, like stadiums, but has also expanded into other areas, including restaurants and hotels. The acquisition of Auckland-based Smartpay will build on Shift4's prior purchases of companies with operations in Australia and New Zealand. Past acquisitions touching the region include Shift4's $2.5 billion purchase of Global Blue earlier this year in February as well the $250 million buyout of point-of-sale rival Revel last year and the purchase of Canadian gift card company Givex for $148 million. The latest deal will strengthen Shift4's hand in selling all of those acquired services in the Australia and New Zealand regions, following the company's playbook in other areas, such as the United Kingdom and Germany. 'This allows for greater distribution of all of those products via the Smartpay salesforce,' Lauber said in the email. Keeping Pomeroy and the rest of the workforce lets Shift4 tap the expertise of employees already well-suited to selling those services in the region and allowing for more expansion, Lauber contended. 'As with most of our acquisitions, these employees help us expand distribution capabilities and otherwise replace hiring we would need to do to build a presence in the geography,' he said in the the email. 'They are already experts so enabling them with our products is much faster than hiring from scratch.' Shift4 this month named Lauber as its CEO as founder Jared Isaacman shifted to an executive chairman role at the company. Isaacman had planned to become head of the National Aeronautics and Space Administration after President Donald Trump nominated him for the post, but the White House abruptly dropped his nomination after Trump's falling out with Elon Musk, Isaacman's billionaire friend and the CEO of SpaceX. Recommended Reading Shift4 turns to restaurants for future growth Sign in to access your portfolio
