Shift4 has acquired a majority stake in Vectron Systems, one of the largest European suppliers of point-of-sale, or POS, systems to the restaurant and hospitality verticals. Based in Germany, Vectron has 65,000 POS locations across Europe, representing EUR 25B in volume opportunity with minimal payment monetization. Shift4 is expected to acquire additional ownership of Vectron through a public tender offer that is expected to conclude within the next month, with a de-listing and formal integration process to occur shortly thereafter.
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