M&A Deal Summary

Western Union Acquires Angelo Costa S.r.l.

On December 31, 2010, Western Union acquired financial services company Angelo Costa S.r.l.

Acquisition Highlights
  • This is Western Union’s 2nd transaction in the Financial Services sector.
  • This is Western Union’s 1st transaction in Italy.

M&A Deal Summary

Date 2010-12-31
Target Angelo Costa S.r.l.
Sector Financial Services
Buyer(s) Western Union
Deal Type Add-on Acquisition

Target

Angelo Costa S.r.l.

Rome, Italy
Angelo Costa S.r.l. is a money transfer network agent. Angelo Costa manages relationships with over 7,500 subagent locations across several countries in Europe.

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Buyer(S) 1

Buyer

Western Union

Denver, Colorado, United States

Category Company
Founded 1851
Sector Financial Services
Employees9,100
Revenue 4.2B USD (2024)
DESCRIPTION
Entrance to Western Union's corporate headquarters in Englewood, Colorado.
Entrance to Western Union's corporate headquarters in Englewood, Colorado.

Western Union is a financial services company that provides people and businesses with fast, reliable and convenient ways to send money and make payments around the world. Western Union's consumer-to-consumer money transfer service enables people to send money around the world, usually within minutes. Western Union also provides consumers with flexible and convenient options for making one-time or recurring payments in our consumer-to-business segment. This segment consists of United States bill payments, Pago Fácil (bill payments in Argentina), and international bill payments. Western Union's business solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union was founded in 1851 and is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 5
Sector: Financial Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Italy M&A 1 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Custom House Currency Exchange

Victoria, British Columbia, Canada

Custom House Currency Exchange Ltd. is a Provider of foreign exchange payment processing services to small-to-medium size enterprises, AP departments of large corporations and consumers.

Buy $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Finint S.r.l.

Milan, Italy

Finint S.r.l. is a money transfer network agent in Europe. Finint manages more than 10,000 subagent locations across Italy, Spain, and the United Kingdom.

Buy -