Westpac / Tyro Payments 2022
Westpac Banking Corp acquired Tyro Payments on October 18, 2022.
- Target
- Tyro Payments
- Acquirer
- Westpac Banking Corp
- Announced
- October 18, 2022
- Sub-sector
- Payments
Transaction overview
- Westpac Banking Corp announced the acquisition of Tyro Payments on October 18, 2022.
Strategic rationale
Strengthen merchant acquiring capabilities and support small business banking growth through acquisition of fintech with $34.2B gross transaction value.
Deal terms & multiples
Sources
- fool.com.au /2022/10/18/what-could-a-possible-tyro-takeover-mean-for-nab-shares/