M&A Deal Summary

Planet Acquires 3C Payment Luxembourg S.A.

On June 18, 2020, Planet acquired information technology company 3C Payment Luxembourg S.A.

Acquisition Highlights
  • This is Planet’s 2nd transaction in the Information Technology sector.
  • This is Planet’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2020-06-18
Target 3C Payment Luxembourg S.A.
Sector Information Technology
Buyer(s) Planet
Deal Type Add-on Acquisition

Target

3C Payment Luxembourg S.A.

Leudelange, Luxembourg
3C Payment enables payment, anytime anywhere, through one global solution. It makes easy for consumers to pay anyhow, anywhere, using highly secure specialized transaction flows that support the needs of clients. The services offer to cover the full transaction journey from integrated EMV hardware linked to hosted infrastructure and payment gateway services and include online and in-app online payment acceptance linked to onsite and ERP systems. 3C Payment is based in Leudelange, Luxembourg.

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Buyer(S) 1

Buyer

Planet

Galway, Ireland

Category Company
Sector Financial Services
DESCRIPTION

Planet is a provider of VAT refund and dynamic currency conversion (“DCC”) services to retailers, governments, and financial institutions globally. Planet is based in Galway, Ireland.


DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 3 of 5
Country (Luxembourg) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 Planet

Galway, Ireland

Planet is a provider of international payment processing and multi-currency processing services. Planet Payment provides services in 23 countries and territories across the Asia Pacific region, North America, the Middle East, Africa, and Europe, primarily through its 76 acquiring bank and processor customers. Its point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with its ATM services are integrated within the payment card transaction flow enabling its acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels. Planet was founded in 1985 and is based in Galway, Ireland.

Buy €219M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Datatrans

Zurich, Switzerland

Datatrans is a single payment gateway for secure payment processing for online shops, mobile apps, social media, and mobile POS. Datatrans is based in Zurich, Switzerland.

Buy -