Deluxe (DLX) closed its acquisition of Celero Commerce, a payment-processing company.
The deal adds more than 55,000 merchant relationships and 130 bank partners to Deluxe's platform and is expected to generate at least $15 million in cost savings.
The transaction is expected to be accretive to earnings in the first full year after closing, Deluxe said Friday in a statement.
The $625 million acquisition was announced on June 18.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.