Brazil’s Cielo Buys Merchant e-Solutions for $670 Million

By  |  July 3, 2012
 | 

Cielo S.A., an electronic payments company based in Brazil, acquired U.S-based Merchant e-Solutions for $670 million.

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    Merchant e-Solutions processes $14 billion in annual transactions for 70,000 affiliated retailers, a release says, and generated $124 million in revenues over the twelve-month period that ended last May.

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    Cielo is one of the largest payment processors in Latin America, and handled roughly 4.8 billion transactions in the past year.

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