Westpac Banking completed the acquisition of Tyro Payments.

Westpac Banking, a banking company, completed the acquisition of Tyro Payments, a financial serices company. Financial terms were not disclosed. “Tyro remains open to engaging with any credible change of control proposal it receives that represents compelling value for Tyro shareholders. Based on the board’s assessment of the company’s attractive growth prospects in the Australian payments and business banking markets, no such proposal has been received, and accordingly the board and management will continue to focus on executing on Tyro’s current strategy,” Westpac Banking.