Global Payments To Buy FIS Gaming Business - Quick Facts

(RTTNews) - Global Payments Inc (GPN), Tuesday agreed to buy gaming assets from Certegy Check Services Inc, a part of of Fidelity National Information Services FIS, related to its business for licensed gaming operators. The financial terms of the deal were not disclosed.

The deal will be highly complementary to Global Payments' gaming business and will expand its existing suite of innovative products and solutions.

"This acquisition and partnership allows us to cross sell our full suite of products to these acquired customers and enhance our value proposition, while leveraging FIS' industry-leading scale and capabilities in risk management," said David Mangu, Global Payments' chief operating officer.

The FIS business includes 260 marquee gaming client locations and provides a comprehensive suite of services that are designed for the gaming industry.

The deal is expected to close during the fourth quarter of Global Payments' 2015 fiscal year. The company intends to fund the acquisition through operating cash flows and it is not expected to have a material impact on the its fiscal 2015 results or capital plans.