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  6. Global Reach Acquires EncoreFX

M&A Deal Summary

Global Reach Acquires EncoreFX

On May 15, 2020, Global Reach acquired financial services company EncoreFX

Acquisition Highlights
  • This is Global Reach’s 2nd transaction in the Financial Services sector.
  • This is Global Reach’s 1st transaction in Canada.
  • This is Global Reach’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-05-15
Target EncoreFX
Sector Financial Services
Buyer(s) Global Reach
Deal Type Add-on Acquisition

Target

EncoreFX

Victoria, British Columbia, Canada
EncoreFX, Inc. provides foreign exchange risk management solutions and global payment services to businesses worldwide. The company helps businesses manage their foreign risks and efficiently process global payments. EncoreFX was formed in2014 and is based in Victoria, British Columbia.

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Buyer(S) 1

Buyer

Global Reach

London, United Kingdom
Category Company
Founded 2001
Sector Financial Services
DESCRIPTION

Global Reach is a UK-based cross-border payments provider that serves customers of all sizes by facilitating international payments. Global Reach was founded in 2001 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-12 Foreign Currency Exchange

London, United Kingdom

Foreign Currency Exchange Ltd. (FC Exchange) is an international money transfer and payment solutions provider.

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