M&A Deal Summary

Euronet Worldwide Acquires Piraeus Bank - Merchant Acquiring Business

On March 16, 2022, Euronet Worldwide acquired financial services company Piraeus Bank - Merchant Acquiring Business from Piraeus Bank

Acquisition Highlights
  • This is Euronet Worldwide’s 2nd transaction in the Financial Services sector.
  • This is Euronet Worldwide’s 1st transaction in Greece.

M&A Deal Summary
Date 2022-03-16
Target Piraeus Bank - Merchant Acquiring Business
Sector Financial Services
Buyer(s) Euronet Worldwide
Sellers(s) Piraeus Bank
Deal Type Divestiture

Target

Piraeus Bank - Merchant Acquiring Business

Athens, Greece
Piraeus Bank Merchant Acquiring (PBMA) business includes approximately 205,000 POS terminals at 170,000 merchants throughout Greece as well as the Bank’s online merchant acquiring business.

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Buyer(S) 1

Buyer

Euronet Worldwide

Leawood, Kansas, United States
Category Company
Founded 1994
Sector Financial Services
Employees10,000
Revenue 3.7B USD (2023)
DESCRIPTION
Euronet's corporate headquarters in Leawood, Kansas.
Euronet's corporate headquarters in Leawood, Kansas.

Euronet Worldwide is a provider of payment and transaction processing solutions to financial institutions, retailers, service providers and individuals. Euronet Worldwide was incorporated in 1994 and is based in Leawood, Kansas.

DEAL STATS #
Overall 11 of 12
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
Country (Greece) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Bank Of Ireland Group - Non-branch ATM fleet

Dublin, Ireland

Bank Of Ireland Group's Non-branch ATM fleet is integrated into Euronet’s existing ATM network in the country and centrally managed with the company’s REV Payments Cloud core processing platforms and infrastructure. Bank Of Ireland Group's Non-branch ATM fleet is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Infinitium

Singapore, Singapore

Infinitium is a payments solution provider specializing in a multitude of end-to-end solutions in electronic payments and authentication services for Internet and mobile applications. Infinitium is based in Singapore.

Buy -

Seller(S) 1

SELLER

Piraeus Bank

Athens, Greece
Category Company
Founded 1916
Sector Financial Services
Employees9,400
DESCRIPTION

Piraeus Bank provides a complete range of banking services and specializes in SMEs, retail banking, e-banking, and capital markets. Piraeus Bank’s network in Greece comprises 414 units. Piraeus Bank was founded in 1916 and is based in Athens, Greece.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Greece) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Trastor

Athens, Greece

Trastor is a real estate investment company that owns a portfolio of 59 real estate assets in Greece with a gross asset value of over €315 million across the retail, office, and logistics sectors, comprising more than 238,000 square meters of total leasable area. Trastor is based in Athens, Greece.

Buy -
Mergr

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