Shift4, a leader in integrated payments and technology
“We are pleased to unanimously recommend the transaction, which we believe will deliver significant, immediate and certain value to Global Blue’s shareholders. More broadly, we firmly believe that this transaction is in the best interests of our employees, customers and stakeholders, ensuring continued growth and innovation under new ownership.”
Shift4 is a global leader in financial technology with a track record in the industry for more than 25 years. It provides a wide range of integrated payment technologies to the retail and hospitality sectors, processing billions of in-person and online transactions. Through its best-in-class technology, Shift4 is simplifying complex payment journeys and changing the way the world experiences commerce. Beyond technology, Shift4 supports over 200,000 clients with advisory services, like business intelligence, revenue optimization and fraud prevention.
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A common vision and complementary assets with Global Blue
Both companies share the same vision of simplifying consumer experiences through integrated technology and advisory services, reinforced by long-lasting partnerships and a culture of operational excellence, in the retail and hospitality industries.
Similar to Shift4, Global Blue aims to simplify complex consumer journeys across more than 400,000 retail and hospitality locations(1) by offering its technology platform that enables Tax Free Shopping, Dynamic Currency Conversion and e-Commerce Post-Purchase businesses. Global Blue also supports partners via consulting services in Business Intelligence, Digital Marketing and Training.
Shift4 and Global Blue also have a highly complementary geographic footprint. Shift4 has a large presence in the US and an expanding international footprint, while Global Blue operates across 52 countries in Europe, APAC and Latin America. The combination of the two companies will create a global leader in integrated technologies for the payment and shopping journey.
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The acquisition of Global Blue by Shift4 will also bring together two experienced teams, with a shared entrepreneurial spirit. Both teams will work together to create new growth opportunities through product expansion into new markets, cross selling and product innovation.
“Joining forces with Shift4 marks a significant milestone in Global Blue’s growth journey, further strengthening our integrated value proposition for our marquee merchants worldwide. We are particularly thrilled to partner with Shift4 to continue our track record of innovation, delivering enhanced experiences for all stakeholders in the shopping ecosystem,”said Global Blue CEO Jacques Stern. “I would like to thank all Global Blue team members, without whom the success of Global Blue would not have been possible. Additionally, I extend my gratitude to Joe Osnoss, representative of Silver Lake on the Board, for his continuous support and guidance over the last 10 years.”
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Shift4 CEO Taylor Lauber said “We are incredibly excited for the opportunity to welcome Jacques and the Global Blue team into the Shift4 family. This transaction is the most significant in our 26 years of history and with good reason. The Global Blue technology stack, marquee customers and industry leading position will serve as a cornerstone for our global expansion strategy and gives us meaningful scale in many new geographies. Boldly Forward!”
Source: GlobeNewswire
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