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ACQUISITIONS
9 Months Ended
Sep. 30, 2024
ACQUISITIONS  
ACQUISITIONS

(3) ACQUISITIONS

 

Acquisitions 2024


On February 1, 2024, Euronet acquired Infinitium Group, a leading regional solutions provider with Payments Authentication services, for a purchase consideration of $70.0 million cash and $5.0 million of the Company’s common stock to be paid over two installments on February 1, 2026 and 2027. The Company preliminarily allocated $51.0 million of the purchase consideration to customer relationships, $5.6 million to acquired net assets, and the remaining $18.4 million to goodwill. During the second quarter 2024 we subsequently increased the provisional amounts allocated to goodwill by $10.2 million and adjusted the deferred tax liability position to reflect facts and circumstances in existence at the effective time of the acquisition. For the quarter ended June 30, 2024, the Company made a measurement period adjustment to reflect facts and circumstances in existence as of the effective time of the acquisition. This adjustment primarily included an adjustment to deferred tax liabilities and goodwill of $10.2 million.