Buckaroo, a Utrecht-based online payment service provider, announced on Monday that it has agreed to acquire SEPAY, The Hague-based point-of-sale payment service provider.
The majority of the stake was acquired with the support of Keensight Capital, a private equity firm focused on pan-European Growth Buyout investments and the majority investor in Buckaroo. The announcement comes more than a year after acquiring payment service provider Sisow in December, 2021.
Completion of the acquisition is subject to customary closing conditions and regulatory approval.
Why this acquisition?
Buckaroo sees this acquisition as a strategic move to strengthen its position in the SME market and its offering with an omnichannel payment solution, both to their respective clients and new customers.