Atlanta, GA – Payment solutions provider Global Payments Inc. has entered a definitive agreement to acquire Australia-based Ezi Holdings Pty Ltd (Ezidebit).
Founded in 1998, Ezidebit is a leading integrated payments company focused on recurring payments verticals in Australia and New Zealand.
Under the terms of the agreement, Global Payments will acquire Ezidebit for US$269 million.
Similar to Accelerated Payment Technologies and PayPros, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
The transaction is expected to close during the second quarter of Global Payments’ 2015 fiscal year, subject to receipt of regulatory approvals in Australia and the satisfaction of customary closing conditions, the company said.
For the partial year of fiscal 2015, Global Payments expects the transaction to contribute approximately US$25 million in revenues and to be “slightly additive to total company cash operating margins,” it added.