Castles Technology completed the acquisition of MT Bilgi Teknolojileri.

Castles Technology, a manufacturer of card readers, completed the acquisition of MT Bilgi Teknolojileri, a payment technology company. Financial terms were not disclosed. “This acquisition is a strategic leap forward for Castles Technology. It reflects our vision to become a long-term services-led partner for our customers, combining our global scale and technology with local expertise and trusted execution. MTBT brings outstanding operational capabilities in Türkiye, and we are excited to welcome their talented team into the Castles family,” Jean-Philippe Niedergang, Castles Technology Acting Group CEO and CEO for EMEA, Pacific, and LATAM.