Payments tech firm Nuvei to buy Britain’s SafeCharge for $889 million

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Nuvei has agreed to purchase Teddy Sagi-owned SafeCharge in the latest major deal in payment solutions sector. US payments technology firm Nuvei Corp. has made an all-cash offer to buy British online payment processing company SafeCharge International Group Ltd. amid a massive wave of consolidation in the sector.

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Nuvei Corp. has agreed to buy U.K.-based payments firm SafeCharge International Group Ltd. in a cash deal valued at $889 million (669 million pounds), according to a regulatory filing. The purchase price represents a 25% premium based on the SafeCharge.

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U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry.

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Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million The deal will create a company with a revenue of approx. $300 million and a transaction volume of approx. $30 billion

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Montreal-based payment technology company Nuvei recently announced it acquired SafeCharge for $889 million. These are the details behind the deal. Montreal-based payment technology company Nuvei recently announced it completed the acquisition of SafeCharge International Group Limited for $889 million (CA $1.19 billion or 699 million at the.