SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that the Company completed the acquisition of EFT Group S.A., commercially known as PayGroup. Based out of Chile, PayGroup offers payment processing and software services targeted primarily to financial institutions throughout Latin America. The purchase price was approximately CLP 25,473 million, or approximately US$ 38.5 million at current exchange rates.
About EVERTEC
EVERTEC, Inc. (NYSE: EVTC) is a leading
full-service transaction processing business in Latin America, providing
a broad range of merchant acquiring, payment processing and business
solutions services. The Company manages a system of electronic payment
networks that process more than two billion transactions annually, and
offers a comprehensive suite of services for core bank processing, cash
processing and technology outsourcing. In addition, EVERTEC owns and
operates the ATH® network, one of the leading personal identification
number (“PIN”) debit networks in Latin America. Based in Puerto Rico,
the Company operates in 25 Latin American countries and serves a
diversified customer base of leading financial institutions, merchants,
corporations and government agencies with “mission-critical” technology
solutions. For more information, visit www.evertecinc.com.
Forward-Looking Statements
This announcement may contain
certain forward-looking statements within the meaning of the
“safe-harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Statements that are not historical facts, including revenue and
earnings estimates and management’s expectations regarding future events
and developments, are forward-looking statements and are subject to
significant risks and uncertainties. Important factors that may cause
actual events or results to differ materially from those anticipated by
such forward-looking statements include the following: the effect of
current domestic and worldwide economic conditions, including sovereign
insolvency situations, and future performance and integration of
acquisitions including PayGroup, and other risks detailed in the
Company’s SEC filings, including the most recently filed Form 10-K, as
applicable. The Company undertakes no obligation to revise any of these
statements to reflect future circumstances or the occurrence of
unanticipated events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170703005617/en/
