Wirecard Acquires S.African Payment Co. Amara for EU29m Cash

December 5, 2014


Amara Group provides payment processing services for African financial services cos. including Mercantile Bank, Nedbank and Citi Bank.

* Wirecard will pay EU29m cash, plus up to ~EU7m earn outs;
* Sees Amara contributing ~EU3m Ebitda in FY15. Source Bloomberg