UMT United Mobility Technology AG acquires the majority of PEACHES Mobile GmbH

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Summary

UMT United Mobility Technology AG acquired 51% of PEACHES Mobile GmbH and will rename the business UMT PEACHES Mobile GmbH. The deal also brings in prelado, a digital prepaid mobile and gift voucher portal in Germany. UMT plans to fold prelado into its existing mobile payment and loyalty platform. The company expects the acquisition to support growth and improve results.

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