Hypercom Golden Acquisition Final

Earlier this year, we told you of Hypercom’s plan to acquire Golden Eagle/Golden Leasing. We can now report that the deal is complete. Hypercom has acquired substantially all of the assets of Golden.

The terms of the acquisition included an initial payment of $18.5 million in cash and $4 million in stock, with additional earn out payments over a three-year period if certain objectives are met. Golden will continue to operate from its current location in Ridgefield, CT as a stand-alone business unit.

George Wallner, president and CEO of Hypercom said, “Golden’s equipment acquisition and deployment program, which includes purchase, rental, or lease options, will allow us to more fully leverage the implementation of ePic, as traditional card payment terminals are replaced with our Internet-enabled, touch-screen ICE terminals. In addition, Hypercom gains access to Golden’s rapidly growing merchant base for cross-selling opportunities and access to hundreds of ISOs with whom Golden currently transacts business.”

Back | Next

© Copyright 1995-2000
The Green Sheet, Inc.