Cuscal Completes Acquisition of Paymark
Key points
- Cuscal acquired 100% of Paymark from Worldline
- Paymark is a leading payments service provider in New Zealand
- Acquisition expected to be accretive in FY27
- Expected to deliver mid-teens ROIC in FY27
Full summary
Cuscal Limited (ASX: CCL) has completed the acquisition of 100% of Paymark Limited, a leading payments service provider in New Zealand, from Retail International Holding S.A.S. (Worldline). This acquisition follows previous announcements and confirms the completion of the French Works Council consultation process. Paymark is a key component of New Zealand's payments system infrastructure. Cuscal expects the acquisition to be mid-single digit EPS accretive in FY27 and deliver mid-teens Return on Invested Capital in FY27.
Guidance
Expected mid-single digit EPS accretion in FY27 and mid-teens ROIC in FY27
Outlook
Cuscal expects the acquisition to be accretive and deliver mid-teens ROIC in FY27
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