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  5. Wirecard Acquires MyGate Communications

M&A Deal Summary

Wirecard Acquires MyGate Communications

On March 28, 2017, Wirecard acquired information technology company MyGate Communications for 23M EUR

Acquisition Highlights
  • This is Wirecard’s 4th transaction in the Information Technology sector.
  • This is Wirecard’s 6th largest (disclosed) transaction.
  • This is Wirecard’s 2nd transaction in South Africa.

M&A Deal Summary
Date 2017-03-28
Target MyGate Communications
Sector Information Technology
Buyer(s) Wirecard
Deal Type Add-on Acquisition
Deal Value 23M EUR

Target

MyGate Communications

Cape Town, South Africa
MyGate Communications (Pty) Ltd. is an online payment gateway that focuses on e-commerce payment options, card processing and debit order collection services. MyGate Communications (Pty) Ltd. was established in 2007 and is headquartered in Cape Town, South Africa.

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Buyer(S) 1

Buyer

Wirecard

Aschheim, Germany
Category Company
Founded 1999
Sector Information Technology
Employees5,685
Revenue 2.0B EUR (2018)
DESCRIPTION

Wirecard is a provider of electronic payment and risk management solutions for e-commerce companies. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels. Wirecard was founded in 1999 and is based in Aschheim, Germany.

DEAL STATS #
Overall 11 of 11
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 10 of 10
Country: South Africa M&A 2 of 2
Year: 2017 M&A 2 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 Supr

Cologne, Germany

Supr is an e-commerce platform, which enables sellers (" shop owners ") to create, customize and manage their own onlineshop.

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Mergr

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