PostePay is a subsidiary of Poste Italiane which provides electronic money transaction services
Acquired 100% of Business Operations
LIS Holding
LIS is active in the Italian proximity payment market
Advised on Purchase of Company
IMAP Italy advised Poste Pay on the acquisition of LIS
Poste Italiane S.p.A. (“Poste Italiane”) through its fully owned subsidiary PostePay S.p.A. (“PostePay”) has signed a definitive agreement to acquire 100% of LIS Holding S.p.A. (LIS) from International Game Technology PLC (IGT), for a total consideration of €700 million, based on an Enterprise Value of €630 million and a net unrestricted cash for €70 million.
LIS is active in the Italian proximity payment market through a network of nearly 54,000 affiliated points of sale, offering services including bill payments, prepaid payment cards, telco and e-vouchers top-ups and merchant and enterprise service solutions. LIS relies on a proprietary paytech platform, enjoying internal scale, technology and capabilities.
LIS generated approximately €228 million gross revenues and approximately €40 million EBITDA in 2021. The acquisition will increase Poste Italiane’s exposure to the fast-growing payments market, creating value for all stakeholders, furthering the Group’s integrated omnichannel strategy.
We love to hear from you. Our team is always here to chat.
Contact form
Thank you for your interest in IMAP. Please use the form below to tell us more about your current situation and we’ll be sure to have the right professional get back to you as soon as possible.
