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.

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

    Read the full story here.


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