A German fintech exit: ACI acquires Munich-based PAY.ON in €180 million deal

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ACI, the NASDAQ-listed provider of electronic payment and banking solutions, has acquired Munich, Germany-based e-commerce payment gateway services provider PAY.ON in a cash-and-stock deal that values the latter company at €180 million or roughly $200 million.

PAY.ON offers a white-label, SaaS-based global payment gateway solution to payment services providers across the globe. Its solution features connectivity to more than 300 alternative payment methods and card acquirers in more than 160 countries, the company says.

Headquartered in Munich, PAY.ON also has offices in New York and Salzburg. ACI is reportedly planning to open a data center in Limerick, Ireland in a bid to expand its European data center operations.

(Via Finextra)

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