By Karen Roman
Integrated payments technology company Shift4 Payments, Inc. (NYSE: FOUR) will acquire Global Blue Group Holding AG (NYSE: GB) for $7.50 per common share in cash, or a $2.5 billion enterprise value.
Global Blue’s merchant products will improve Shift4’s end-to-end experience for its customers, the companies said in a joint statement. This transaction is expected to close by the third quarter of 2025.
“This acquisition continues a bold tradition of introducing transformative capabilities to exceptional customers along with a massive embedded cross-sell opportunity,” said Taylor Lauber, Shift4’s President. “It fits perfectly in the Shift4 playbook: delivering an enormous volume conversion opportunity while unlocking significant new revenue opportunities and capabilities that open entirely new markets for us. Integrating Global Blue into our unified payments platform positions Shift4 as a leading unified commerce payment provider around the world.”
Shift4 also announced earnings for fiscal year 2024 as well as Q4 earnings, with 47% increase in gross profit year over year, $139.3M net income and a 51% growth in adjusted EBITDA of $205.9M.
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