Asset Management

Edenred snaps up US payment firm for $600m

The deal is the latest in a string of mergers and acquisitions in the sector

Edenred, the French meal-vouchers and card provider, has acquired US rival Corporate Spending Innovations in a $600m deal that marks the company’s first foray into the US.

The deal is the latest in a string of mergers and acquisitions in the sector as companies look to scale up amid growing consumer demand for online payments.

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