Shift4 (a leader in integrated payments and commerce technology) announced it has signed a definitive agreement to buy Smartpay, a leading independent provider of payment processing and point-of-sale solutions in Australia and New Zealand, for NZ $296.4 million (about $180 million) or NZ$1.20 per share. This represents a 46.5% premium to the 90-day Volume Weighted Average Price (VWAP).
Smartpay offers tailored payment solutions through an extensive distribution network across Australia and New Zealand, supporting a diverse base of over 40,000 merchants in the region. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approvals.
Shift4 has also successfully executed a similar strategy of combining acquisitions to deliver a superior integrated payment experience with localized distribution, service, and support, valuable merchant-facing products, and owned payment rails to rapidly scale in other regions, most recently in Germany, the UK, and Ireland.
KEY QUOTES:
“This acquisition follows the Shift4 playbook to a tee. It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region. By combining our payment infrastructure with Smartpay’s distribution capabilities, we’re well positioned to go-to-market at scale in the region with our leading products and services such as SkyTab POS for restaurants, SkyTab Venue for stadiums and arenas, and our end-to-end payment solution for hotels and unified commerce merchants.”
Shift4 CEO Taylor Lauber
