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  5. Wirecard Acquires Provus Group

M&A Deal Summary

Wirecard Acquires Provus Group

On February 29, 2016, Wirecard acquired information technology company Provus Group for 32M EUR

Acquisition Highlights
  • This is Wirecard’s 3rd transaction in the Information Technology sector.
  • This is Wirecard’s largest (disclosed) transaction.
  • This is Wirecard’s 1st transaction in Romania.

M&A Deal Summary
Date 2016-02-29
Target Provus Group
Sector Information Technology
Buyer(s) Wirecard
Deal Type Add-on Acquisition
Deal Value 32M EUR

Target

Provus Group

Bucharest, Romania
Provus Group is a payment processing and technological service provider. The payment provider supports companies in outsourcing acquiring and card processing, e-commerce payment transactions and point-of-sale (POS) operations.

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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 8 of 11
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 8 of 10
Country: Romania M&A 1 of 1
Year: 2016 M&A 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 MoIP Pagamentos S.A.

Sao Paulo, Brazil

MoIP Pagamentos S.A. is an online payment service provider.

Buy €24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Citigroup - Prepaid Card Services

New York, New York, United States

Citigroup - Prepaid Card Services is a provider of prepaid card services.

Buy -
Mergr

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