VeriFone and Hypercom in deal to sell Hypercom’s U.S. payment systems business
San Jose, Calif. -- VeriFone Systems and Hypercom Corp. announced that they have reached an agreement to sell the U.S. payment systems business of Hypercom to Ingenico S.A.
The transaction is expected to close immediately prior to completion of VeriFone’s acquisition of Hypercom, which is expected to occur in the second half of 2011, subject to certain closing conditions.
The sale is part of the contemplated divestiture previously announced by VeriFone in connection with its proposed acquisition of Hypercom. The agreement marks an important milestone in the path to the completion of Hypercom's merger transaction with VeriFone.