Fiserv Expands Into Europe With The Acquisition Of CCV
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Global payments and financial services provider, Fiserv, has announced the acquisition of CCV, a payments solutions provider. The acquired company is based in Germany, Belgium, and the Netherlands, showing Fiserv’s drive for growth and expansion across Europe.
According to Fiserv, the acquisition will allow the firm to speed up the development of its operating system and Clover platform across Europe. It will also ensure innovation and enhanced capabilities in the region. However, the financial agreements of the transactions were not disclosed.
CCV was launched in Arnhem in 1958 as a pioneering payments company. The platform facilitates payments and has grown immensely to become a top player in the payment solutions sector.
The acquisition deal signifies that existing client and operation support models in both CCV and Fiserv. It will help the platforms build a comprehensive omnichannel offer that enables more businesses across Europe to easily accept payments via Fiserv’s suite of products.
Fiserv Wants To Build On CCV’s Strong Foundation
Head of the EMEA region at Fiserv, Katia, Karpova, stated that the addition of the CCV platform will enable Fiserv to speed up the development of its Clover platform.
“We have a deep appreciation and admiration for the reputation CCV has built over its 67-year history,” he added. Karprova stated that CCV has had a positive impact on its customers and stakeholders over the years. The role of Fiser is to consolidate this progress by building upon CCV’s strong foundation while ensuring continued success across all sections.
As businesses continue to look for ways to operate more effectively, Fiserv wants to offer its partner network and merchant with its suite of products. These products enable the merchants to gain access to its latest and most reliable payment technology.
Fiserv Wants To Continue Expanding Its Operations In Europe
CCV says the company is excited about the integration and as it brings its complementary strategic capabilities. The firm will offer seamless end-to-end solutions for both present and future merchants.
As a Fortune 500 company, Fiserv has aspirations of moving information and money in a way that moves the world. The platform is a global leader in the financial technology and payments sector. Fiserv says the acquisition is a significant step in its plans to expand its operations across several places in Europe. The acquisition of CCV is a great way to launch this growth ambition, and the firm hopes to acquire more companies in the future.
