HPS Acquires CR2 Limited: A Big Move in the Payment Solutions Market
Summary HPS (Hightech Payment Systems), a leading Moroccan provider of payment software and solutions, has successfully completed the acquisition of 100% of the share capital of the Irish company CR2 Limited. This strategic move aligns with HPS's "AccelR8" growth plan and is expected to contribute significantly to its financial performance by delivering new revenue opportunities in complementary markets. The integration of CR2's innovative digital banking and payments solutions with HPS's existing PowerCARD platform will enhance the company's value proposition and strengthen its position as a global leader in the payments industry. Meta Description HPS, a Moroccan payment solutions provider, has finalized the acquisition of Irish company CR2 Limited. The deal, part of HPS's growth strategy, combines CR2's digital banking expertise with HPS's PowerCARD platform to expand the company's global reach and capabilities in the payments sector.
HASSAN BENYOUB 
Big News!
HPS (Hightech Payment Systems), a top company in Morocco that provides payment software and solutions, has just bought 100% of CR2 Limited, an Irish company. This is a huge deal and it's all official now that they've met all the rules they needed to follow.
What's CR2 Limited?
CR2 Limited is based in Dublin and they're known for their cool digital banking and payment solutions. They work in a bunch of countries like Dubai, Jordan, India, and Australia, and they help out over 90 banks all around the world with their main platform, BankWorld.
Why Did HPS Buy CR2 Limited?
HPS has a plan called AccelR8 to grow and get better. By teaming up with CR2, they can offer even more awesome payment and digital banking solutions to their customers. This is a smart move that will help them make more money and stay ahead in the payment world.
Good News for HPS
CR2 made about €23.8 million in revenue in the year before June 2023. HPS thinks that CR2 will bring in between €25 million and €30 million in revenue each year in the near future. Plus, they expect to make more money per share in the first year after buying CR2 because of all the cool things they can do together.
This acquisition is a big deal for HPS. It shows that they're serious about growing and being a top player in the payment solutions market. By teaming up with CR2, they can use their cool tech to help their customers and keep growing in the digital banking world.
