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- Shift4 Acquires Majority Stake in Vectron Systems AG
Shift4 Acquires Majority Stake in Vectron Systems AG
Slice of Finance Team
20 Jun
Key Highlights:
Shift4 acquires a majority stake in Vectron Systems AG.
Vectron has ~65,000 POS locations across Europe.
Shift4 aims to expand its integrated payment services to Vectron customers.
Shift4 to leverage Vectron’s distribution network of ~300 POS resellers.
Additional ownership to be acquired through a public tender offer.
Source (Business Wire)
Notable Quote
“Shift4 was at the forefront of the convergence between software and payments in the restaurant and hospitality verticals in the US. We see an incredible amount of demand for a similar all-in-one solution across Europe. With our integrated payments and SkyTab offering, we believe we have the best solution at the right price point. Vectron will provide valuable local expertise, infrastructure, and the distribution necessary to meet the demand. This acquisition is right out of the Shift4 playbook – enabling us to unlock synergies, expand our distribution, and monetize payments for a large existing install base.”
Our Take:
The acquisition of Vectron Systems AG marks a strategic expansion for Shift4 into the European market, capitalizing on Vectron’s substantial footprint of ~65,000 POS locations. This move aligns with Shift4's growth strategy, leveraging Vectron’s local expertise and distribution network to offer integrated payment services across Europe. The planned public tender offer and subsequent integration highlight Shift4’s commitment to enhancing its market presence and monetizing payments for a significant existing customer base. Additionally, the recent acquisition of Revel Systems further underscores Shift4’s aggressive expansion strategy, providing a robust platform to accelerate SkyTab distribution both domestically and internationally.