back Back

Shift4 buys German POS Vectron & cloud-based Revel Systems

By Gloria Methri

June 17, 2024

  • FinTech Acquisition
  • Germany
  • Integrated Payments
Share

Shift4, Cross Border E-Commerce Payments, FinTech Acquisition, Payment Technology, Vectron Systems, Revel Systems, Germany, USAShift4, the specialist in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals.

Based in Germany, Vectron has ~65,000 POS locations across Europe, representing ~€25 billion in volume opportunity with minimal payment monetization today. Shift4 will acquire additional ownership of Vectron through a public tender offer that is expected to conclude within the next month, with a de-listing and formal integration process to occur shortly thereafter.

The acquisition will provide Shift4 with an expanded customer footprint across Europe as well as a distribution network of ~300 POS resellers. Shift4 will be able to add its integrated payment services to current Vectron customers and products while also empowering the sales force with a compelling all-in-one POS and payments solution unrivalled in Europe.

“Shift4 was at the forefront of the convergence between software and payments in the restaurant and hospitality verticals in the US. We see an incredible amount of demand for a similar all-in-one solution across Europe,” said Shift4 CEO Jared Isaacman. “With our integrated payments and SkyTab offering, we have the best solution at the right price point. Vectron will provide valuable local expertise, infrastructure, and the distribution necessary to meet the demand. This acquisition is right out of the Shift4 playbook – enabling us to unlock synergies, expand our distribution, and monetize payments for a large existing install base.”

In addition to the acquisition of Vectron, Shift4 has also completed its previously announced acquisition of Revel Systems. Revel has over 18,000 merchant locations across the US and internationally which represents over a $17 billion payment opportunity. Revel also has a direct sales and dealer distribution network which can be leveraged to accelerate SkyTab distribution both domestically and abroad.

Previous Article

June 17, 2024

Whale Cloud & Ant International expand eWallet & Super App Technologies

Read More
Next Article

June 17, 2024

Visa relaunches SavingsEdge to strengthen small businesses in the US

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

FinTech Acquisition

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 B2B SaaS platforms transforming business operations in the UK

Read More

Today

Google Play & Cash App Pay offer next-gen consumers with payment options

Read More

Today

Revolut secures UK banking licence

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024