EVO Payments Agrees to Acquire SF Systems’ Payment Gateway
Since its founding in 2002, SF Systems has developed integrations to many of the largest point-of-sale (“POS”) systems in Mexico. EVO and SF Systems have had a commercial relationship since EVO entered the market in 2015, with SF Systems providing integrations to POS systems at many of EVO’s largest corporate customers. In conjunction with the transaction, the team of professionals that support SF Systems’ gateway assets will be joining EVO. The acquisition also provides EVO with a platform and technical expertise in
“We are very pleased to announce EVO’s acquisition of SF Systems’ payment gateway, which will strengthen our position in the growing tech-enabled market in Mexico,” commented
Terms of the acquisition were not disclosed. The acquisition is expected to be completed by the end of Q3 2019, subject to closing conditions.
Forward Looking Statements
This release contains statements about future events and expectations that constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often identified by words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” “potential,” “near-term,” “long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecast,” “outlook,” “target,” “should,” “could,” “would,” “will” and comparable words. These forward-looking statements involve certain risks and uncertainties and other factors that could cause actual results to differ materially from those indicated in such forward-looking statements, including, but not limited to: uncertainties as to the timing of the consummation of the proposed transaction and the ability of the parties to consummate the proposed transaction; the ability of EVO to integrate SF Systems’ business; the ability of EVO to implement its plans and other expectations with respect to SF Systems’ business; and the other risks, uncertainties and important factors contained and identified (including under the heading "Risk Factors") in EVO’s filings with the
Investor Relations & Corporate Communications Manager
Source: EVO Payments, Inc.