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M&A Deal Summary

VeriFone Acquires Lipman Electronic Engineering

On April 10, 2006, VeriFone acquired electronics company Lipman Electronic Engineering for 793M USD

Acquisition Highlights
  • This is VeriFone’s 1st transaction in the Electronics sector.
  • This is VeriFone’s 2nd largest (disclosed) transaction.
  • This is VeriFone’s 1st transaction in Israel.

M&A Deal Summary
Date 2006-04-10
Target Lipman Electronic Engineering
Sector Electronics
Buyer(s) VeriFone
Deal Type Add-on Acquisition
Deal Value 793M USD

Target

Lipman Electronic Engineering

Park Afek, Israel
Lipman Electronic Engineering Ltd., is a provider of electronic payment systems. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, as well as integrated PIN and smart card ("Chip & PIN") solutions. In addition, Lipman develops technologically advanced software platforms that offer comprehensive and customized transaction processing solutions for its customers, as well as managed professional services such as on-site and call-center support with remote terminal management.

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Buyer(S) 1

Buyer

VeriFone

New York, New York, United States
Category Company
Founded 1981
Sector Information Technology
Employees5,400
Revenue 2.0B USD (2015)
DESCRIPTION
Entrance to VeriFone's corporate headquarters in San Jose, California.
Entrance to VeriFone's corporate headquarters in San Jose, California.

VeriFone is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone was founded in 1981 and is headquartered in New York, New York.

DEAL STATS #
Overall 4 of 11
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 9
Country: Israel M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-24 Curb Mobility

Long Island City, New York, United States

Curb Mobility provides a comprehensive mobility platform that serves taxi and other for-hire ride operators, regulators, service providers, and riders. Curb Mobility was founded in 2007 and is based in Long Island City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 Hypercom

Scottsdale, Arizona, United States

Hypercom Corp., is a provider of complete electronic payment solutions and value-added services at the point of transaction. Hypercom designs, manufactures and sells a variety of electronic transaction terminals, peripheral devices, transaction networking devices, transaction management systems, application software and information delivery services. Additionally, the Company provides support and related services, which include maintenance, 24/7 management and monitoring of customer networks, on-site technology assessments, network training, and design and implementation. Hypercom’s customers include domestic and international financial institutions, electronic payment processors, retailers, independent sales organizations and distributors.

Buy $485M
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