Fiserv to Acquire AIB Merchant Services
Summary
Fiserv agreed to acquire the remaining 49.9% of AIB Merchant Services from AIB Group. The deal gives Fiserv full ownership of the joint venture and strengthens its position in Ireland and the broader European market. Fiserv plans to use the acquisition to accelerate growth for Clover and expand its payment and merchant acquiring solutions. The transaction still needs regulatory approval and is expected to close in the third quarter.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Fintech Software
Payment Processing Software
Point of Sale (POS) Software
Linked Companies
AIB Merchant Services
$10M to $25M