Fiserv Expands European Presence with Acquisition of CCV

Fiserv, a company listed on the New York Stock Exchange, has announced the acquisition of CCV, a Netherlands-based payment solutions provider. The move is aimed at strengthening Fiserv's position within the European payments market. According to a company statement, the acquisition will facilitate the "acceleration of the deployment of [Fiserv's] Clover platform" across the Netherlands, Belgium, and Germany, while also expanding its merchant and partner network in the region.

CCV, established in 1958, has a history in electronic payment solutions, including facilitating the first electronic transactions in the Netherlands during the 1970s. The company provides a range of services including transaction processing, online and in-store payments, acquiring services, and payment terminals to over 600,000 businesses in Europe.

"The addition of CCV enables Fiserv to accelerate the deployment of our Clover platform and operating system, providing enhanced capabilities and innovation to our clients across Europe," said Katia Karpova, Head of EMEA at Fiserv. Michiel Bijleveld, CTIO at CCV, stated, "Providing our merchant and partner network with Fiserv's suite of products allows them to access the latest, best, and most reliable payment technology." The financial terms of the acquisition were not disclosed.