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Elavon to acquire payments gateway Sage Pay for expanding UK footprint

Global merchant acquirer Elavon is all set to acquire UK-based payments gateway business Sage Pay in a bid to assist its business customers in adapting to digitalization and simplify operations including payment capabilities.

“We are a customer-focused company that is helping businesses succeed in a global marketplace that is changing rapidly,” said Hannah Fitzsimons, president, and general manager of Elavon Merchant Services, Europe. “This acquisition brings tremendous talent and leading technology to us, which can be leveraged across the European market.”

According to the acquirer, the acquisition is expected to expand its market share in the UK and Ireland. The agreement was signed in November 2019 and is subject to regulatory approval.

“We are thrilled to bring the talents and capabilities of Sage Pay employees to Elavon, where they will be an integral part of our company that is investing in the future,” said Declan Lynch, CEO of Elavon Financial Services, DAC.

Sage Pay is a division of the cloud business management solutions provider Sage Group plc.

Elavon

Elavon is a global payments company and a subsidiary of U.S. Bancorp. It provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go.

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