Add-on Acquisition • Business Services

Onyx CenterSource Acquires Net Trans Services AS

On October 20, 2014, Onyx CenterSource acquired business services company Net Trans Services AS

Acquisition Context
  • This is Onyx CenterSource’s 1st transaction in the Business Services sector.
  • This is Onyx CenterSource’s 1st transaction in Norway.

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M&A Deal Summary

Date October 20, 2014
Target Net Trans Services AS
Sector Business Services
Buyer(s) Onyx CenterSource
Deal Type Add-on Acquisition

Target Company

Net Trans Services AS

Tonsberg, Norway
Net Trans Services AS provides a complete hotel commission recovery and reconciliation services for travel agencies and other hotel booking professionals worldwide.
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Buyer Overview 1

Buyer

Onyx CenterSource

Dallas, Texas, United States

Category Company
Founded 1992
Sector Business Services
DESCRIPTION

Onyx CenterSource is a processor of commissions paid by hotels to travel agencies. Onyx CenterSource operates a global payment network and provides its hotel and travel agency customers with services including commission receipt and disbursement, foreign currency exchange, and reconciliation and tracking. Onyx CenterSource was founded in 1992 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Add-on Acquisition 2 of 2
Country: Norway 1 of 1
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 Worldwide Payment Systems S.A.

Seville, Spain

Worldwide Payment Services (WPS), is a provider of international payment processing.

Buy -