Shift4 to acquire a majority stake in Vectron Systems.

Shift4, an integrated payments and commerce technology, agreed to acquire a majority stake in Vectron Systems, a supplier of point-of-sale systems to the restaurant and hospitality verticals. Financial terms were not disclosed. “Shift4 was at the forefront of the convergence between software and payments in the restaurant and hospitality verticals in the US. We see an incredible amount of demand for a similar all-in-one solution across Europe. With our integrated payments and SkyTab offering, we believe we have the best solution at the right price point. Vectron will provide valuable local expertise, infrastructure, and the distribution necessary to meet the demand. This acquisition is right out of the Shift4 playbook – enabling us to unlock synergies, expand our distribution, and monetize payments for a large existing install base,” Jared Isaacman, Shift4 CEO.