Deluxe Closes Transformative Acquisition of Celero Commerce
Summary
Deluxe closed its acquisition of Celero Commerce and positioned the deal as a key step in its transformation toward payments and data. The combined business will expand Deluxe Merchant Services and scale its payment platform to more than $70 billion in annual gross transaction volume. Deluxe said the deal adds more than 55,000 merchant relationships and 130 bank partners. The company expects cost synergies and plans to update guidance and discuss integration in upcoming earnings and investor events.
AskAI Classifications
Sectors
Fintech, Banking and Payments
Payment Processing
General FinTech
Functions
Developer and IT Infrastructure
Business Intelligence and Analytics
Development Platforms
Linked Companies
Deluxe Corporation
$1B+
Celero Commerce
$10M to $25M