Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

The Acquisition Playbook.

Three patterns run through Euronet Worldwide's acquisitions — what it looks for, how it pays, and how it folds in what it buys.

01
Acquisition criteria
Built its cross-border money transfer franchise through acquisition, anchored by...
Built its cross-border money transfer franchise through acquisition, anchored by the transformational 2007 Ria Envia purchase and layered with digital FX and payments capabilities (HiFX 2014, xe 2015, IME 2015).
Instreamline S.A.RIA EnviaPure CommerceHiFXIME (M) Sdn Bhd
02
Capital deployment
Expanded its EFT/ATM and merchant-acquiring segments via geographically targeted...
Expanded its EFT/ATM and merchant-acquiring segments via geographically targeted deals — European ATM networks (YourCash 2016), U.S. ATM outsourcing (Dolphin Debit 2020), and Greek merchant acquiring (Piraeus 2022).
Instreamline S.A.RIA EnviaPure CommerceHiFXIME (M) Sdn Bhd
03
Integration approach
Favors disciplined, mostly bolt-on acquisitions — many undisclosed and individua...
Favors disciplined, mostly bolt-on acquisitions — many undisclosed and individually immaterial — that add technology (Pure Commerce DCC 2013, Infinitium authentication 2024) or fill regional gaps rather than large transformational M&A.
Instreamline S.A.RIA EnviaPure CommerceHiFXIME (M) Sdn Bhd

The Full Deal Book

10 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.

01 Instreamline S.A. Not disclosed
Disclosed in 8-K

Acquired the Greek card-processing operator (later CardLink), establishing Euronet's payment-processing presence in Greece and southeastern Europe.

02 RIA Envia, Inc. $490M
Announced Apr 2007 Closed Apr 2007

Acquired the then-third-largest global consumer-to-consumer money transfer company, creating Euronet's Money Transfer (Ria) segment and its remittance platform. $490 million ($380M cash + $110M stock, plus contingent rights).

Euronet will acquire 100% of Ria's outstanding common stock for $380 million in cash, $110 million in Euronet stock ... and certain contingent value and stock appreciation rights.
03 Pure Commerce Not disclosed
Announced Jan 2013 Closed Jan 2013

Acquired the Sydney-based provider of cloud-based dynamic currency conversion and multi-currency acquiring services, extending Euronet's merchant and bank product portfolio across Asia Pacific and Europe.

Euronet Worldwide ... today announced the acquisition of Pure Commerce, a fast-growing provider of cloud-based financial and payment solutions to banks, acquirers and global retailers around the world.
04 HiFX $145M
Announced May 2014 Closed May 2014

Acquired the UK-based online-initiated international payments and foreign-exchange provider, adding account-to-account cross-border payment services for high-income individuals and SMEs to the Ria money transfer business. £145 million (~$242 million).

entered into an agreement to acquire U.K.-based HiFX ... for £145 million or approximately $242 million. Twenty-five percent of the purchase price will be paid in shares of Euronet stock and the balance in cash.
05 IME (M) Sdn Bhd Not disclosed
Disclosed in 8-K

Acquired the Malaysian money transfer operator, giving Euronet immediate entry into the Asian and Middle East money transfer send markets.

In 2015, we completed the acquisition of IME (M) Sdn Bhd ("IME") which provided Euronet with immediate entry into the Asian and Middle East money transfer send markets.
06 xe (XE Corporation) Not disclosed
Announced Jul 2015 Closed Jul 2015

Acquired the operator of XE.com and x-rates.com, a global leader in digital currency data and international payments, bringing an industry-leading online presence and digital expertise to Euronet's money transfer business.

Euronet Worldwide ... today announced it has acquired XE, a global leader in digital foreign exchange information.
07 YourCash Europe Limited Not disclosed
Announced Oct 2016 Closed Oct 2016

Acquired the UK-based independent ATM operator with ~5,000 merchant-filled ATMs across the UK, Netherlands, Belgium and Ireland, expanding Euronet's EFT footprint in Western Europe.

Euronet Worldwide ... today announced it has completed the acquisition of U.K.-based ATM operator, YourCash Europe Limited. The acquisition includes approximately 5,000 ATMs across the U.K., Netherlands, Belgium and Ireland.
08 Dolphin Debit Not disclosed
Announced Apr 2020 Closed Apr 2020

Acquired the comprehensive U.S. ATM outsourcing company, marking Euronet's expansion into the U.S. ATM outsourcing / managed-services market.

Euronet Worldwide Announces Expansion into the U.S. ATM Outsourcing Market with the Acquisition of Dolphin Debit, a Comprehensive ATM Outsourcing Company.
09 Piraeus Bank Merchant Acquiring business $317.8M
Announced Mar 2022 Closed Mar 2022

Acquired the merchant acquiring business of Greece's largest bank (~205,000 POS terminals at 170,000 merchants) alongside a long-term strategic partnership, making Euronet the bank's exclusive merchant-acquiring partner. €317.8 million (~$350.6 million).

The purchase price was €317.8 million, or approximately $350.6 million, which includes $331 million cash paid at closing.
10 Infinitium Group $75M
Announced Feb 2024 Closed Feb 2024

Acquired the regional Payments Authentication services provider, strengthening Euronet's payment security and processing capabilities in the Asia Pacific region. $75 million ($70M cash + $5M stock).

On February 1, 2024, Euronet acquired Infinitium Group, a leading regional solutions provider with Payments Authentication services, for a purchase consideration of $70.0 million cash and $5.0 million of the Company's common stock.

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