.
MergerLinks Header Logo

Announced

Dye & Durham to acquire TELUS' Financial Solutions Business for $500m.

Financials

Edit Data
Transaction Value£377m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

digital infrastructure

Acquisition

Digital Services

Pending

technology solutions

Single Bidder

Canada

Domestic

Private

financial solutions

Friendly

Majority

Synopsis

Edit

Dye & Durham, a provider of cloud-based software and technology solutions, agreed to acquire the Financial Solutions Business from TELUS, a telecommunications company, for $500m. "This transaction is consistent with our growth strategy, adds significant scale within our current Canadian business, and is very well suited for our proven "acquire and integrate" playbook. Additionally, this acquisition expands our capability by adding the largest non-bank payment platform in Canada, processing 140m bill and tax payments and moving an aggregated value of over $1.3tn annually, in partnership with financial institutions, billers and government agencies," Matt Proud, Dye & Durham CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US