1. Fiserv acquires remaining 49.9% of AIB Merchant Services. 2. Acquisition enhances Fiserv's growth in the European market. 3. Clover POS system expansion expected across Europe. 4. AIB Group will exclusively refer card-acquiring services to Fiserv.
Acquiring AIBMS strengthens Fiserv's market position, similar to successful historical acquisitions that boosted performance. Increased presence in Europe can lead to higher revenue streams.
The acquisition directly influences Fiserv's operational scope, propelling potential future growth in an expanding market, thus making it highly relevant.
The strategic acquisition sets a foundation for sustained growth and market share increase over years, following patterns seen in similar successful expansions.
Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, today announced it has completed its acquisition of the remaining 49.9% of AIB Merchant Services (AIBMS), the company's longstanding joint venture with AIB Group.
The acquisition supports Fiserv's growth in the broader European market, including expanding growth opportunities for Clover, the world's smartest point-of-sale system, across the region. AIBMS is one of Ireland's largest payment solution providers and one of Europe's largest e-commerce acquirers.
As part of the transaction, AIB Group will continue to refer businesses needing card acquiring services to Fiserv on an exclusive basis.
About Fiserv
Fiserv, Inc. (NYSE:FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world's smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index, one of TIME Magazine's Most Influential Companies™ and one of Fortune® World's Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.
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