The Alphyra Group has acquired German electronic payment group EVS. Together with Alphyra's existing German business, the acquisition makes Alphyra the biggest provider of electronic top-ups in Germany and Europe.
Including the EVS deal, Alphyra has spent €40m on four acquisitions since the company was taken private in 2003.
EVA operates an electronic payment network throughout Germany and has operations in Poland, Belgium, Luxembourg and Switzerland.
'Alphyra now has over 100,000 merchants across Europe and we are now positioned to achieve further rapid growth with an increased range of products,' says Alphyra CEO's John Nagle.
Nagle said that European pre-pay financial services are consolidating rapidly and that Alphyra will continue to look for further acquisitions in Europe and elsewhere.
Alphyra is owned by Benchmark Capital and the management team.
Germany is the third largest pre-paid market for mobile phones in Europe with over half of its 69 million subscribers using prepaid services.
