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Announced

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Network International completed the acquisition of DPO Group for $288m.

Synopsis

Network International, an enabler of digital commerce across the Middle East and Africa, completed the acquisition of DPO Group, an online commerce platform in Africa, for $288m. "We are excited by the proposed acquisition of DPO, the leading high-growth online commerce platform operating at scale across Africa. Africa is a vast and diverse continent, representing the world's most underpenetrated, nascent and fast growing payments markets, where we have seen recent signs of an acceleration in those trends. DPO will further consolidate our presence in Africa, strengthen our position across the entire payments value chain and accelerate our growth," Simon Haslam, Network International CEO.

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