SIA completes acquisition of First Data Corporation

SIA and First Data Corporation  have announced the completion of SIA’s acquisition of First Data’s card processing businesses in parts of Central and Southeastern Europe for €387 million.

As a result of this transaction, SIA becomes the leading player in processing and services in the region, offering card processing, card production, call center and back-office services, including 13.3 million payment cards, 1.4 billion transactions, in addition to the management of over 300,000 POS terminals and 6,500 ATMs. These businesses are primarily located in 7 countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia. In 2017, these businesses generated a combined revenue of approximately €100 million for First Data.

Following the completion of this transaction, First Data remains highly committed to the European issuer processing business and will continue to serve its significant client base primarily through its VisionPLUS platform.