Blackhawk Network, a global prepaid payment network, has acquired Retailo AG, a third-party gift card distribution network based in Germany, the company announced in a December 2 press release.
The acquisition adds 40,000 gift card distribution locations in Germany, Austria and Switzerland to Blackhawk’s existing retail network, bringing to the total number of locations to approximately 70,000.
“Blackhawk is focused on international growth, and the acquisition of Retailo in Germany, Europe’s biggest economy and a country where gift cards are becoming increasingly popular with consumers, is a clear indication of our ability to execute strategically to expedite that growth,” Bill Tauscher, CEO of Blackhawk, said in a December 2 statement.
To learn more about the Retailo acquisition, read the full press release here.
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