Global Payments closes on APT acquisition
NEW YORK (AP) — Electronic payments processor Global Payments said Tuesday that it has completed its $413 million acquisition of smaller client Accelerated Payment Technologies.
Global Payments Inc. announced the deal in August. The Atlanta company said at the time that it was buying Accelerated Payment Technologies from private equity firm Great Hill Partners of Boston.
APT is based in Pleasant Grove, Utah.
Global Payments shares finished at $41.79 on Monday. Its shares are down 23 percent from a 52-week high of $53.93 in late March.