Fintech company Fiserv has acquired Dutch payments technology provider CCV for an undisclosed amount.
Headquartered in Arnhem, Netherlands, CCV also has presence in Belgium and Germany.
Go deeper with GlobalData
Set up in 1958, the firm facilitated the first electronic payments in the Netherlands during the 1970s and has been active in omni-channel payment solutions, the company release said.
CCV’s purchase will allow Fiserv to expand its Clover platform and operating system across Europe and serve combined merchants and partners.
The deal is expected to optimise the firms’ operational and client support models for an omnichannel offering.
Fiserv EMEA head Katia Karpova said: “The addition of CCV enables Fiserv to accelerate the deployment of our Clover platform and operating system, providing enhanced capabilities and innovation to our clients across Europe. We have a deep appreciation and admiration for the reputation CCV has built over its 67-year history, and the impact the company has on its stakeholders. Fiserv is committed to building upon CCV’s strong foundation to ensure continued success.”
CCV CTIO Michiel Bijleveld said: “Providing our merchant and partner network with Fiserv’s suite of products allows them to access the latest, best and most reliable payment technology. We are proud to be joining the Fiserv family and with our complementary strategic capabilities, provide seamless, end-to-end solutions for our current and future clients.”
Earlier this month, Fiserv completed the acquisition of Payfare, a company specialising in instant payout and banking solutions for gig economy workers.
The deal involved the acquisition of all issued and outstanding Payfare shares at C$4.00 each, amounting to a total value of C$193.15m.
