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Share Name | Share Symbol | Market | Type |
---|---|---|---|
First Data Corporation | NYSE:FDC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.69 | 0 | 01:00:00 |
SIA, a European high-tech leader in payment infrastructure and services, and First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today announced the completion of SIA’s acquisition of First Data’s card processing businesses in parts of Central and Southeastern Europe for €387 million.
As a result of this transaction, SIA becomes the leading player in processing and services in the region, offering card processing, card production, call center and back-office services, including 13.3 million payment cards, 1.4 billion transactions, in addition to the management of over 300,000 POS terminals and 6,500 ATMs. These businesses are primarily located in 7 countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia. In 2017, these businesses generated a combined revenue of approximately €100 million for First Data.
Following the completion of this transaction, First Data remains highly committed to the European issuer processing business and will continue to serve its significant client base primarily through its leading VisionPLUS platform.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 22,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 3,000 transactions per second and $2.4 trillion per year. For more information, visit www.firstdata.com and follow us on Twitter at @FirstData.
About SIA
SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of payments, cards, network services and capital markets.
The Group, which currently has over 2,000 employees, closed 2017 with revenues of €567.2 million.
For more information, go to www.sia.eu/en
Safe Harbor
Statements in this press release regarding First Data Corporation’s business which are not historical facts are “forward-looking statements.” All forward-looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected including the parties’ ability to successfully satisfy the normal closing conditions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181001005441/en/
SIAFilippo FantasiaHead of Media CoordinationPhone: +39 02.6084.2833Mobile: +39 335.1202713Email: filippo.fantasia@sia.euorValentina PianaMedia CoordinationPhone: +39 02.6084.2334Mobile +39 342.0467761Email: valentina.piana@sia.eu@SIA_pressofficeorFirst DataPeter PoillonInvestor RelationsPhone: +1 212 266 3565Email: peter.poillon@firstdata.comorAndrea DuffyPublic RelationsPhone: +1 646 9840240Email: andrea.duffy@firstdata.com
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