India, June 18 -- Deluxe Corporation (DLX), a payments and data company, Thursday announced that it has agreed to acquire Celero Commerce, a financial technology company, for $625 million along with payment of certain seller transaction expenses and other adjustments.
The transaction is expected to advance transformation strategy of Deluxe to shift the revenue mix towards higher growth Payments and Data segments. After acquisition close, the combined Payments and Data businesses are anticipated to increase to 57 percent of 2026 revenues on a proforma basis, compared to 31 percent in 2020.
Further, this acquisition is surmised to be accretive to adjusted EPS in the first year following closing, while also expanding revenue growth and adjus...