Global Payments Inc. has completed the acquisition of the assets of Diginet d.o.o., an indirect payment processor for both point-of-sale (POS) and ATM transactions based in Sarajevo, Bosnia and Herzegovina.
Diginet’s management team and employees will join Global Payments Europe and will help to expand its reach into the Balkan region.
“I am pleased to announce the completion of our Diginet acquisition,” says Petr Sedlacek, the CEO of Global Payments Europe. “I look forward to working with Diginet’s management team and employees to continue serving its current financial institution customers and to grow throughout the Balkans.”
Global Payments does not anticipate this acquisition will have a significant impact on its fiscal 2007 consolidated revenue or earnings per share results, but expects revenue growth and earnings accretion from this transaction over the long term.
Diginet was founded in 1996, and offers financial institutions credit and debit card transaction processing services, sales, installation and servicing of ATM and POS terminals, and card issuing services.