Last week Payments Cards & Mobile reported that M&A in the payments market was heating up – today Fiserv announced that it has acquired CCV, a payment solutions provider in the Netherlands, Belgium and Germany.
Fiserv acquires CCV
The acquisition demonstrates the continued focus on driving growth in the European market for Fiserv, enabling it to accelerate the deployment of its Clover platform and operating system across Europe.
Financial terms of the transaction were not disclosed.
Founded in Arnhem, in 1958, CCV has been a pioneer in payments, facilitating the first electronic payments in the Netherlands in the 1970s and growing substantially to become a prominent player in the omnichannel payment solutions sector, with operations in the Netherlands, Belgium and Germany.
This acquisition optimises the existing operational and client support models of both Fiserv and CCV to create a robust omnichannel offer allowing more businesses across Europe to seamlessly accept payments with Fiserv’s suite of products.
“The addition of CCV will enable us to accelerate the deployment of our Clover platform and operating system, providing enhanced capabilities and innovation to our clients across Europe,” said Katia Karpova, EVP, head of EMEA, Fiserv.
“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.”
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