Irish card payment firm 3V has been acquired by Britain’s SafeCharge for €14.5m.
3V specialises in disposable, pre-paid Visa cards as well as gift cards and has partnerships with a number of companies across Europe.
SafeCharge will pay €11.6m up front for the firm, with the deal expected to be completed at the start of 2015.
The remainder is due to be paid over a three year period following the acquisition.
3V, which was established ten years ago, is due to become part of SafeCharge’s new Issuing Services division once the deal.
SafeCharge already provides payments services, risk management and IT solutions for online businesses and has made a number of acquisitions already this year.