ACI Worldwide acquires eps Electronic Payment Systems AG

ACI Worldwide acquired eps Electronic Payment Systems AG for $30.4 million, a transaction completed in May 2006, structured as combination (cash and stock).

eps Electronic Payment Systems AG operates in Retail payments, is based in Frankfurt, Germany (operations in Germany, Romania and the United Kingdom). Transaction Systems Architects acquired the outstanding shares of eps Electronic Payment Systems AG, headquartered in Frankfurt, Germany, with operations across Germany, Romania, the United Kingdom and other European locations. The aggregate purchase price was $30.4 million, comprising $19.1 million in cash, 330,827 shares of common stock valued at $11.1 million, and direct acquisition costs. The deal closed in two stages, with an initial closing on May 31, 2006 and a second closing on October 31, 2006.

The acquisition expanded the company's direct presence in the European payments market.

Advisory firms were not disclosed for this transaction.

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