Hypercom completes acquisition of Thales

Hypercom has announced the completion of its acquisition of Thales SA's e-Transactions business, bringing an expanded team of industry experts to lead the now nearly one-half billion dollar revenue company.

The e-Transactions business line is a leading provider of secure card payment solutions in some of Europe's largest markets, including France, Germany, Spain and the UK. With the acquisition, Hypercom becomes the second largest provider of electronic payment solutions and services in Western Europe, and solidifies its position as the third largest provider globally.

“We believe this is a transformative acquisition that will make Hypercom significantly more competitive. The acquisition will strengthen our ability to deliver high-caliber, high-security products to the market that we believe will meet or exceed our customers' needs and out-perform the competition,” explains Philippe Tartavull, CEO and President, Hypercom Corporation. “We expect the combination will increase our scale, offer synergies and create an accretive cash EPS transaction within 24 months.”