Shift4 to Acquire Givex Corp., Global Provider of Gift Card, Loyalty & Point-of-Sale Solutions
Shift4 (NYSE:FOUR), a leader in integrated payments and commerce technology, has signed a definitive agreement to acquire Givex Corp. (TSX: GIVX), a global provider of gift cards, loyalty programs, and point-of-sale solutions. The acquisition will add 130,000+ active locations across more than 100 countries to Shift4's customer base, including notable brands like Nike, Marriott, and Wendy's.
The transaction is expected to close in Q4 2024, subject to customary conditions. Shift4 President Taylor Lauber highlighted the strategic benefits, including expanding Shift4's global footprint and enhancing its value proposition with Givex's gift card and loyalty solutions. Givex CEO Don Gray emphasized the potential for delivering an unparalleled package to both companies' customer bases by combining Shift4's end-to-end payment solution with Givex's engagement services.
Shift4 (NYSE:FOUR), un leader nelle tecnologie di pagamento integrate e nel commercio, ha firmato un accordo definitivo per acquisire Givex Corp. (TSX: GIVX), un fornitore globale di gift card, programmi di fedeltà e soluzioni per il punto vendita. L'acquisizione aggiungerà oltre 130.000 località attive in più di 100 paesi alla base clienti di Shift4, inclusi marchi noti come Nike, Marriott e Wendy's.
Si prevede che la transazione si chiuda nel quarto trimestre del 2024, soggetta a condizioni abituali. Il presidente di Shift4, Taylor Lauber, ha evidenziato i benefici strategici, tra cui l'espansione della presenza globale di Shift4 e il miglioramento della sua proposta di valore grazie alle soluzioni per gift card e programmi di fedeltà di Givex. Il CEO di Givex, Don Gray, ha sottolineato il potenziale di offrire un pacchetto senza pari alle basi clienti di entrambe le aziende combinando la soluzione di pagamento end-to-end di Shift4 con i servizi di coinvolgimento di Givex.
Shift4 (NYSE:FOUR), un líder en tecnología de pagos integrados y comercio, ha firmado un acuerdo definitivo para adquirir Givex Corp. (TSX: GIVX), un proveedor global de tarjetas de regalo, programas de lealtad y soluciones de punto de venta. La adquisición añadirá más de 130,000 ubicaciones activas en más de 100 países a la base de clientes de Shift4, incluyendo marcas reconocidas como Nike, Marriott y Wendy's.
Se espera que la transacción se cierre en el cuarto trimestre de 2024, sujeta a condiciones habituales. El presidente de Shift4, Taylor Lauber, destacó los beneficios estratégicos, que incluyen la expansión de la huella global de Shift4 y la mejora de su propuesta de valor con las soluciones de tarjetas de regalo y lealtad de Givex. El CEO de Givex, Don Gray, enfatizó el potencial de ofrecer un paquete incomparable a las bases de clientes de ambas empresas al combinar la solución de pago de extremo a extremo de Shift4 con los servicios de compromiso de Givex.
Shift4 (NYSE:FOUR)는 통합 결제 및 상거래 기술의 선두주자로서, 기프트 카드, 로열티 프로그램 및 POS 솔루션을 제공하는 글로벌 기업인 Givex Corp. (TSX: GIVX)를 인수하기 위한 정식 계약을 체결했습니다. 이번 인수로 Shift4는 100개 이상의 국가에 걸쳐 130,000개 이상의 활성 매장을 고객 기반에 추가할 예정이며, Nike, Marriott, Wendy's와 같은 저명한 브랜드를 포함하고 있습니다.
이번 거래는 2024년 4분기에 완료될 것으로 예상되며, 관례적인 조건에 따라 진행됩니다. Shift4의 사장인 Taylor Lauber는 Shift4의 글로벌 입지를 확장하는 것과 Givex의 기프트 카드 및 로열티 솔루션을 통해 가치 제안을 강화하는 것과 같은 전략적 이점을 강조했습니다. Givex의 CEO인 Don Gray는 Shift4의 종합 결제 솔루션과 Givex의 참여 서비스를 결합함으로써 양사의 고객 기반에 비할 데 없는 패키지를 제공할 수 있는 잠재력을 강조했습니다.
Shift4 (NYSE:FOUR), un leader dans le paiement intégré et la technologie commerciale, a signé un accord définitif pour acquérir Givex Corp. (TSX: GIVX), un fournisseur mondial de cartes-cadeaux, de programmes de fidélité et de solutions de point de vente. Cette acquisition ajoutera plus de 130 000 emplacements actifs dans plus de 100 pays à la base de clients de Shift4, incluant des marques notable telles que Nike, Marriott et Wendy's.
La transaction devrait être finalisée au quatrième trimestre de 2024, sous réserve des conditions habituelles. Taylor Lauber, président de Shift4, a souligné les avantages stratégiques, y compris l'expansion de l'empreinte mondiale de Shift4 et l'amélioration de sa proposition de valeur avec les solutions de cartes-cadeaux et de fidélisation de Givex. Don Gray, PDG de Givex, a souligné le potentiel de fournir un package inégalé aux bases de clients des deux entreprises en combinant la solution de paiement de bout en bout de Shift4 avec les services d'engagement de Givex.
Shift4 (NYSE:FOUR), ein führendes Unternehmen im Bereich integrierte Zahlungen und Handelstechnologie, hat eine verbindliche Vereinbarung zur Übernahme von Givex Corp. (TSX: GIVX) unterzeichnet, einem globalen Anbieter von Geschenkkarten, Treueprogrammen und Kassensystemlösungen. Die Übernahme wird über 130.000 aktive Standorte in mehr als 100 Ländern zur Kundenbasis von Shift4 hinzufügen, einschließlich bekannter Marken wie Nike, Marriott und Wendy's.
Die Transaktion wird im vierten Quartal 2024 abgeschlossen, vorbehaltlich der üblichen Bedingungen. Shift4-Präsident Taylor Lauber hob die strategischen Vorteile hervor, darunter die Erweiterung der globalen Reichweite von Shift4 und die Verbesserung des Wertangebots durch Givex' Geschenkkarten- und Treueprogramme. Givex-CEO Don Gray betonte das Potenzial, durch die Kombination von Shift4s End-to-End-Zahlungslösung mit Givex' Engagement-Services ein unvergleichliches Paket für beide Kundenbasen zu liefern.
- Acquisition adds 130,000+ active locations across 100+ countries to Shift4's customer base
- Expands Shift4's global footprint significantly
- Enhances Shift4's value proposition with additional gift card and loyalty solutions
- Potential for increased customer retention and cross-selling opportunities
- Acquisition aligns with Shift4's capital deployment strategy
- Integration challenges may arise from combining two large-scale operations
- Potential short-term financial strain due to acquisition costs
- Regulatory approvals and closing conditions could delay or complicate the deal
Insights
Shift4's acquisition of Givex Corp. is a strategic move that significantly expands their global footprint and enhances their service offerings. The addition of 130,000+ locations across 100+ countries represents a substantial increase in Shift4's customer base, potentially driving revenue growth. The deal aligns with Shift4's capital deployment strategy, focusing on low customer acquisition costs and adding value to existing customers.
The acquisition brings complementary services like gift cards, loyalty programs and POS solutions, which could lead to increased customer retention and higher average revenue per user. This diversification may also provide cross-selling opportunities and strengthen Shift4's competitive position in the payments industry. However, investors should watch for integration challenges and the impact on Shift4's financials post-acquisition.
This acquisition positions Shift4 to capitalize on the growing global gift card market, expected to reach
The addition of high-profile clients like Nike, Marriott and Wendy's enhances Shift4's credibility in enterprise-level solutions. This could lead to increased market share in the competitive integrated payments space. Investors should monitor how effectively Shift4 leverages these new capabilities to drive growth and whether they can maintain Givex's existing customer relationships post-acquisition.
The integration of Givex's technology stack with Shift4's existing infrastructure presents both opportunities and challenges. Givex's robust gift card and e-gift solutions could significantly enhance Shift4's product offering, potentially leading to increased adoption rates among current and prospective clients. The addition of customizable loyalty programs and versatile POS systems also broadens Shift4's technological capabilities, allowing them to offer more comprehensive solutions to a diverse client base.
However, the tech integration process will be crucial. Successful merging of these systems could create a powerful, unified platform, but any integration issues could lead to service disruptions or customer dissatisfaction. Investors should pay attention to Shift4's plans for technology integration and any potential synergies or efficiencies that may arise from combining the two companies' tech resources.
The acquisition will add 130,000+ locations across more than 100 countries to Shift4’s customer base
Shift4 to Acquire Givex Corp. (Photo: Business Wire)
The Arrangement Agreement is subject to customary closing conditions and the transaction is expected to be completed in the fourth quarter of this year.
With 130,000+ active locations across more than 100 countries, Givex serves a wide range of businesses in various industries, including notable names such as Nike, Marriott, 7/11, Wendy’s, Best Western, Texas Roadhouse, and many more. The company offers robust gift card and e-gift solutions as well as customizable loyalty programs, and a point-of-sale (POS) system for various business types, among other value-added services.
“Givex has a considerable footprint around the world which will dramatically increase Shift4’s overall customer base,” states Shift4 President Taylor Lauber. “At the same time, their gift card and loyalty solutions are second to none and will add significant value for our current customers, creating stickier relationships and enhancing our overall value proposition. Similar to other deals we have recently completed, this acquisition aligns perfectly with how we like to deploy capital – adding blue-chip merchants at a low customer acquisition cost while delivering additional benefits to our customer base.”
“The Givex team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers,” says Don Gray, CEO of Givex. “By combining Shift4’s end-to-end payment solution with our value-added engagement services, we can deliver an unparalleled package to both of our customer bases.”
To learn more about Shift4, visit www.shift4.com.
Advisors
Goldman Sachs and Co. LLC acted as exclusive financial advisor and Bennet Jones LLP acted as legal counsel to Shift4.
Canaccord Genuity Corp. acted as exclusive financial advisor and Wildeboer Dellelce LLP acted as legal counsel to Givex. Torys LLP acted as legal counsel to the Special Committee.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding our expectations associated with the acquisition of Givex Corp., including the completion of the acquisition, the benefits, synergies, efficiencies, and opportunities arising from the acquisition, and the timing of any of the foregoing. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any futures results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the substantial and increasingly intense competition worldwide in the financial services, payments and payment technology industries; our ability to continue to expand our share of the existing payment processing markets or expand into new markets; additional risks associated with our expansion into international operations, including compliance with and changes in foreign governmental policies, as well as exposure to foreign exchange rates; and our ability to integrate and interoperate our services and products with a variety of operating systems, software, devices, and web browsers, and the other important factors discussed under the caption “Risk Factors” in Part I, Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the SEC. Any such forward-looking statements represent management’s expectations as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240825627378/en/
Media
Nate Hirshberg
SVP, Marketing
Shift4
nhirshberg@shift4.com
Source: Shift4
FAQ
What companies are involved in the acquisition announced by Shift4 (FOUR)?
How many new locations will Shift4 (FOUR) gain from the Givex acquisition?
When is the Shift4 (FOUR) acquisition of Givex expected to close?
What strategic benefits does Shift4 (FOUR) expect from acquiring Givex?
