logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

PayRange completes acquisition of Turns to revolutionize the U.S. laundromat industry

Feb 19, 2025•10 months ago

Acquiring Company

PayRange

Acquired Company

Turns

PortlandLewesMobile PaymentsPaymentsFintechE CommerceInformation Technology

Description

PayRange, a pioneer in mobile payment solutions for unattended retail, has acquired Turns, an all-in-one laundromat operating system. This acquisition transforms the U.S. laundromat industry by creating an industry first platform combining PayRange's unmatched machine payment platform with Turns' new age laundry operating system, providing a unified solution set for laundromats and enhancing customer experiences.

Company Information

Company

PayRange

Location

Portland, Oregon, United States

About

PayRange is a pioneer in mobile payment solutions for unattended retail, revolutionizing the industry with its advanced end-to-end IoT platform, offering a diverse ecosystem of connected solutions that enable seamless payment, identity verification, and commerce. With millions of users and seamless integration across thousands of machines, PayRange is leading the way in redefining the future of contactless payments.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed