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Monday, December 20, 2021 | 07:54 GMT-0
through
Arnab Shome
OFX Group Limited announced on Monday that it has agreed to take full ownership of the headquarters of Foreign Exchange Corporation in Canada. The two parties have agreed on an amount of $ 90 million (approximately $ 69.65 million), nine times the company’s last reported EBITDA.
Founded in 1998, the company provides global foreign exchange services to corporate clients. Main products include spot and market orders, multi-currency accounts, payments, and bulk
Payments
Payments
As a means of payment in the modern world, payment is the transfer of legal currency or equivalent from one party in exchange for goods or services to another entity Medium of exchange have changed dramatically over time. Specifically, a party making a payment is referred to as a payer, with the payee reflecting the person or entity receiving the payment. In most cases, the basis of exchange will be fiat currency or legal tender, be it in the form of cash, credit or bank transfers, direct debits or checks. Although usually associated with cash transfers, payments can also be made in values of perceived value, be it stocks or barter deals – although this is far more limited today than it was in the past Facilitate credit or direct debit spending. More recently, this industry has seen the rise of peer-to-peer (P2P) payment services, which have grown tremendously in Europe, the United States, and Asia, among others. One of the most important parameters for payments is timing, which emerges as a crucial element for execution. Through this metric, consumer demand drives a technology that prioritizes the fastest payment execution. This can help explain the preference for debit and credit payments that overtake checks or money orders, which were much more widely used in earlier decades. As a multi-billion dollar industry, the payments space has made some of the most innovative and advanced advances in recent years as companies seek to advance contactless technologies with faster execution times.
As a means of payment in the modern world, payment is the transfer of legal currency or equivalent from one party in exchange for goods or services to another entity Medium of exchange have changed dramatically over time. Specifically, a party making a payment is referred to as a payer, with the payee reflecting the person or entity receiving the payment. In most cases, the basis of exchange will be fiat currency or legal tender, be it in the form of cash, credit or bank transfers, direct debits or checks. Although usually associated with cash transfers, payments can also be made in values of perceived value, be it stocks or barter deals – although this is far more limited today than it was in the past Facilitate credit or direct debit spending. More recently, this industry has seen the rise of peer-to-peer (P2P) payment services, which have grown tremendously in Europe, the United States, and Asia, among others. One of the most important parameters for payments is timing, which emerges as a crucial element for execution. Through this metric, consumer demand drives a technology that prioritizes the fastest payment execution. This can help explain the preference for debit and credit payments that overtake checks or money orders, which were much more widely used in earlier decades. As a multi-billion dollar industry, the payments space has made some of the most innovative and advanced advances in recent years as companies seek to advance contactless technologies with faster execution times.
Read this term as well as futures contracts.
In addition, the company has more than 9,600 corporate clients and operates out of nine offices in Canada, Australia, the United Kingdom and New Zealand.
« This is our first major
Acquisition
Acquisition
Acquisition means the acquisition or possession or securing of property, services or skills. Simply put, it is the act or the process of acquiring or winning. You can acquire a work of art, you can acquire a skill, e.g. B. speaking a different language, you can acquire a company or an interest in a company, and you can acquire the service of an accountant. For example, you can buy a new car. In the broadest sense, acquisition can mean taking ownership or possession of something. There are many ways to buy or acquire real estate and services. How Companies Use Acquisitions In finance, the term acquisition is most commonly used when it comes to taking control of a company. A takeover can either be an agreed deal or a hostile takeover. Companies can also acquire company shares, real estate or other assets. An acquisition occurs when a company, person, or company acquires most, if not all, of the shares in another company in order to gain control over that company. Purchasing more than 50% of the shares and other assets of a target company allows the acquirer to make decisions about the newly acquired assets without the consent of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when speaking of acquisitions and mergers. A horizontal acquisition occurs when two companies with similar products / services come together. Conversely, a vertical acquisition means that two companies in the same industry are merging but are at different points in the supply chain. In addition, a conglomerate represents two companies from different industries that join forces or take over the other to expand their range of services and products. After all, there is a concentric acquisition when companies share customers but offer different services.
Acquisition means the acquisition or possession or securing of property, services or skills. Simply put, it is the act or the process of acquiring or winning. You can acquire a work of art, you can acquire a skill, e.g. B. speaking a different language, you can acquire a company or an interest in a company, and you can acquire the service of an accountant. For example, you can buy a new car. In the broadest sense, acquisition can mean taking ownership or possession of something. There are many ways to buy or acquire real estate and services. How Companies Use Acquisitions In finance, the term acquisition is most commonly used when it comes to taking control of a company. A takeover can either be an agreed deal or a hostile takeover. Companies can also acquire company shares, real estate or other assets. An acquisition occurs when a company, person, or company acquires most, if not all, of the shares in another company in order to gain control over that company. Purchasing more than 50% of the shares and other assets of a target company allows the acquirer to make decisions about the newly acquired assets without the consent of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when speaking of acquisitions and mergers. A horizontal acquisition occurs when two companies with similar products / services come together. Conversely, a vertical acquisition means that two companies in the same industry are merging but are at different points in the supply chain. In addition, a conglomerate represents two companies from different industries that join forces or take over the other to expand their range of services and products. After all, there is a concentric acquisition when companies share customers but offer different services.
Read this term and agree strongly with our strategy of growing the size in the corporate segment and expanding the North American region, « said OFX CEO and Managing Director, Skander Malcolm.
Indeed, closing the acquisition will become the corporate segment of OFX to expand organic growth by up to five years. The combined company is expected to generate underlying earnings per share of more than 20 percent in the first year and over 30 percent in the second year.
Check out the list of the best forex brokers in the world and their features
Malcolm added, “The company generates strong revenue from a quality customer base and has an excellent service culture, so there is a lot of consistency with OFX. By combining our business, we will become a much larger corporate specialist with a strong revenue base and significant growth opportunities. ”
OFX will use an acquired credit facility and existing cash to fund the acquisition. Additionally, the company has stated that it plans to repay its debt in less than four years as it expects strong cash flow from the combined company.
« Our business continues to do well and the positive trends we are in The first half of the year have continued into this quarter. With the addition of the company, we can accelerate this growth by combining our infrastructure and risk culture with their customer base and service excellence, thereby delivering further profitable growth and value for OFX shareholders, ”said Malcolm.
OFX Group Limited announced on Monday that it has agreed to take full ownership of the headquarters of Foreign Exchange Corporation in Canada. The two parties have agreed on an amount of $ 90 million (approximately $ 69.65 million), nine times the company’s last reported EBITDA.
Founded in 1998, the company provides global foreign exchange services to corporate clients. Main products include spot and market orders, multi-currency accounts, payments, and bulk
Payments
Payments
As a means of payment in the modern world, payment is the transfer of legal currency or equivalent from one party in exchange for goods or services to another entity Medium of exchange have changed dramatically over time. Specifically, a party making a payment is referred to as a payer, with the payee reflecting the person or entity receiving the payment. In most cases, the basis of exchange will be fiat currency or legal tender, be it in the form of cash, credit or bank transfers, direct debits or checks. Although usually associated with cash transfers, payments can also be made in values of perceived value, be it stocks or barter deals – although this is far more limited today than it was in the past Facilitate credit or direct debit spending. More recently, this industry has seen the rise of peer-to-peer (P2P) payment services, which have grown tremendously in Europe, the United States, and Asia, among others. One of the most important parameters for payments is timing, which emerges as a crucial element for execution. Through this metric, consumer demand drives a technology that prioritizes the fastest payment execution. This can help explain the preference for debit and credit payments that overtake checks or money orders, which were much more widely used in earlier decades. As a multi-billion dollar industry, the payments space has made some of the most innovative and advanced advances in recent years as companies seek to advance contactless technologies with faster execution times.
As a means of payment in the modern world, payment is the transfer of legal currency or equivalent from one party in exchange for goods or services to another entity Medium of exchange have changed dramatically over time. Specifically, a party making a payment is referred to as a payer, with the payee reflecting the person or entity receiving the payment. In most cases, the basis of exchange will be fiat currency or legal tender, be it in the form of cash, credit or bank transfers, direct debits or checks. Although usually associated with cash transfers, payments can also be made in anything of perceived value, be it in stocks or barter – although this is far more limited today than it was in the past.The payments industry is currently dominated by card companies like Visa or Mastercard who use the Facilitate credit or direct debit expenses. More recently, this industry has seen the rise of peer-to-peer (P2P) payment services, which have grown tremendously in Europe, the United States, and Asia, among others. One of the most important parameters for payments is timing, which emerges as a crucial element for execution. Through this metric, consumer demand drives a technology that prioritizes the fastest payment execution. This can help explain the preference for debit and credit payments that overtake checks or money orders, which were much more widely used in earlier decades. As a multi-billion dollar industry, the payments space has made some of the most innovative and advanced advances in recent years as companies seek to advance contactless technologies with faster execution times.
Read this term as well as futures contracts.
In addition, the company has more than 9,600 corporate clients and operates out of nine offices in Canada, Australia, the United Kingdom and New Zealand.
« This is our first major
Acquisition
Acquisition
Acquisition means the acquisition or possession or securing of property, services or skills. Simply put, it is the act or the process of acquiring or winning. You can acquire a work of art, you can acquire a skill, e.g. B. speaking a different language, you can acquire a company or an interest in a company, and you can acquire the service of an accountant. For example, you can buy a new car. In the broadest sense, acquisition can mean taking ownership or possession of something. There are many ways to buy or acquire real estate and services. How Companies Use Acquisitions In finance, the term acquisition is most commonly used when it comes to taking control of a company. A takeover can either be an agreed deal or a hostile takeover. Companies can also acquire company shares, real estate or other assets. An acquisition occurs when a company, person, or company acquires most, if not all, of the shares in another company in order to gain control over that company. Purchasing more than 50% of the shares and other assets of a target company allows the acquirer to make decisions about the newly acquired assets without the consent of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when speaking of acquisitions and mergers. A horizontal acquisition occurs when two companies with similar products / services come together. Conversely, a vertical acquisition means that two companies in the same industry are merging but are at different points in the supply chain. In addition, a conglomerate represents two companies from different industries that join forces or take over the other to expand their range of services and products. After all, there is a concentric acquisition when companies share customers but offer different services.
Acquisition means the acquisition or possession or securing of property, services or skills. Simply put, it is the act or the process of acquiring or winning. You can acquire a work of art, you can acquire a skill, e.g. B. speaking a different language, you can acquire a company or an interest in a company, and you can acquire the service of an accountant. For example, you can buy a new car. In the broadest sense, acquisition can mean taking ownership or possession of something. There are many ways to buy or acquire real estate and services. How Companies Use Acquisitions In finance, the term acquisition is most commonly used when it comes to taking control of a company. A takeover can either be an agreed deal or a hostile takeover. Companies can also acquire company shares, real estate or other assets. An acquisition occurs when a company, person, or company acquires most, if not all, of the shares in another company in order to gain control over that company. Purchasing more than 50% of the shares and other assets of a target company allows the acquirer to make decisions about the newly acquired assets without the consent of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when speaking of acquisitions and mergers. A horizontal acquisition occurs when two companies with similar products / services come together. Conversely, a vertical acquisition means that two companies in the same industry are merging but are at different points in the supply chain. In addition, a conglomerate represents two companies from different industries that join forces or take over the other to expand their range of services and products. After all, there is a concentric acquisition when companies share customers but offer different services.
Read this term and you agree very much with our strategy of growing the size in the corporate segment and expanding the North American region, « said OFX CEO and Managing Director, Skander Malcolm.
Indeed, closing the acquisition will Expand OFX business segment by up to five years of organic growth. The combined company is expected to generate underlying earnings per share of more than 20 percent in the first year and over 30 percent in the second year.
Check out the list of the best forex brokers in the world and their features
Malcolm added, “The company generates strong revenue from a quality customer base and has an excellent service culture, so there is a lot of consistency with OFX. By combining our business, we will become a much larger corporate specialist with a strong revenue base and significant growth opportunities. ”
OFX will use an acquired credit facility and existing cash to fund the acquisition. Additionally, the company has stated that it plans to repay its debt in less than four years as it expects strong cash flow from the combined company.
« Our business continues to do well and the positive trends we are in The first half of the year have continued into this quarter. With the addition of the company, we can accelerate this growth by combining our infrastructure and risk culture with their customer base and service excellence to achieve further profitable growth and value for OFX shareholders, ”said Malcolm.
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