SIA To Acquire First Data's Card Processing Units In Parts Of Europe

(RTTNews) - SIA and First Data Corp. (FDC) have signed an agreement for SIA to acquire First Data's card processing businesses in parts of Central and Southeastern Europe for 375 million euros. These businesses are primarily located in 7 countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia.

The agreement includes the transfer of about 1,400 First Data employees into SIA. In 2017, these businesses generated a combined revenue of approximately 100 million euros for First Data.

The deal is expected to close in the third quarter of 2018.