M&A Deal Summary

MoneyGram International Acquires Advanced ChronoCash Services SA

On September 19, 2013, MoneyGram International acquired internet software and services company Advanced ChronoCash Services SA

Acquisition Highlights
  • This is MoneyGram International’s 5th transaction in the Internet Software and Services sector.
  • This is MoneyGram International’s 2nd transaction in Greece.

M&A Deal Summary

Date 2013-09-19
Target Advanced ChronoCash Services SA
Sector Internet Software and Services
Buyer(s) MoneyGram International
Deal Type Add-on Acquisition

Target

Advanced ChronoCash Services SA

Athens, Greece
Advanced ChronoCash Services SA is a provider of cloud based cash-to-account money transfers.

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Buyer(S) 1

Buyer

MoneyGram International

Dallas, Texas, United States

website


Category Company
Founded 1926
Sector Financial Services
Employees2,727
Revenue 1.2B USD (2020)
DESCRIPTION

MoneyGram International is a provider of money transfer services and is recognized worldwide as a financial connection to friends and family. MoneyGram connects consumers any way that is convenient for them. Company also provide bill payment services, issue money orders and process official checks in select markets. MoneyGram International was formed in 1926 and is based in Dallas, Texas.


DEAL STATS #
Overall 5 of 6
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 5 of 6
Country (Greece) 2 of 2
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-19 MoneyGlobe Payment Institution S.A.

Athens, Greece

MoneyGlobe Payment Institution S.A. is a provider of cloud based cash-to-account money transfers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 MTI Money Transfer

Andover, United Kingdom

MTI Money Transfer Ltd. is a provider of financial services including MoneyGram International Money Transfer, through its network of over 500 agents across Europe. MTI's agents are limited companies and sole traders, retailers, single store owners and large corporates.

Buy -