Castles Technology has announced the completion of its acquisition of Spire Payments, the specialist European based EFTPOS terminal solutions provider.
With the acquisition of the business and assets of Spire Payments, Castles Technology has underlined ambitions to simplify and enhance merchants’ businesses, from in-store acceptance services to value-added solutions.
Jean-Philippe Niedergang, Group CCO Castles Technology, commented: “I am delighted to welcome Spire Payments’ customers and new colleagues to the Castles Technology family. This acquisition represents an important strategic move for the future of our businesses, as we continue to evolve and innovate to provide merchants acquirers with future-forward payments solutions.
“This acquisition delivers a perfect match between the two companies, with complementary strengths bringing a new fresh approach to the payment market. Our collaboration will give customers unmatched choice, new technical capabilities, and enhanced security solutions to power their businesses forwards. Adding Spire Payments solutions and services to Castles Technology product portfolio (Linux, Android, MiniPos, ECRPos, TMS, Market Place) provides a major platform for us to significantly expand our business reach into EMEA markets.”
As part of the acquisition, Castles Technology will continue to invest in Spire Payments solutions.
Graham Lilleystone, Global Director of Operations at Spire Payments UK, stated: “Joining Castles Technology was a natural, strategic fit for Spire Payments, as we already have a common customer-first philosophy, culture and innovative spirit.”
Sami Abugharbieh, Managing Director – Middle East, Africa and Southeast Asia at Spire Payments, added: “We are excited to align with Castles Technology and focus on the evolution of our next generation solutions. This connection will allow us to better serve our customers, enhance our existing partner relationships and ensure we grow successfully, together.”