Westpac / Tyro Payments 2022
Westpac acquired Tyro Payments on October 1, 2022.
- Target
- Tyro Payments
- Acquirer
- Westpac
- Announced
- October 1, 2022
- Sub-sector
- Payments
Transaction overview
- Westpac announced the acquisition of Tyro Payments on October 1, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Westpac sought to strengthen its small business payments offering by acquiring Australia's fifth-largest EFTPOS provider.
Deal terms & multiples
Frequently asked questions
When did Westpac announce the acquisition of Tyro Payments?
Westpac announced the acquisition of Tyro Payments on October 1, 2022.
What sub-sector is Tyro Payments in?
Tyro Payments is tracked in the Payments sub-sector.
Sources
- smh.com.au /business/banking-and-finance/westpac-walks-away-from-cannon-brookes-backed-tyro-payments-20221212-p5c5ih.html