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New Deal


Announced

Eurowag to acquire a minority stake in JITpay.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

logistics payment

Friendly

Germany

Pending

Single Bidder

Payments / Commerce

Cross Border

Minority

Synopsis

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Eurowag, a payment processing company, agreed to acquire a minority stake in JITpay, a logistics payment processing firm. Financial terms were not disclosed. "Together, JITpay and Eurowag want to build a comprehensive digital ecosystem for small and medium-sized transport companies. In the medium term, we will jointly create a new, digital industry standard for companies in the logistics sector. By entering into this strategic partnership, we are focusing on the systematic expansion of our market position in Europe,” Daniel Steinke, JITpay Founder and CEO.

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