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Blackhawk Network Signs Agreement to Acquire Tango Card

Jan 31, 2024•almost 2 years ago

Acquiring Company

Blackhawk Network (BHN)

Acquired Company

Tango Card (Tango)

PleasantonSeattleFinancial ServicesFintechE Commerce

Description

Blackhawk Network (BHN) has entered into a definitive agreement to acquire digital B2B gift card rewards innovator Tango Card (Tango). This acquisition will further enhance the power of Blackhawk Network's global rewards platform and provide leading, global, scalable solutions and innovation to the rewards and incentives industry.

Company Information

Company

Blackhawk Network (BHN)

Location

Pleasanton, California, United States

About

Blackhawk Network (BHN) is the leader in global branded payment technologies, strengthening relationships between brands and their customers, employees, and partners by transforming transactions into connections. BHN’s portfolio includes: Gift Card & eGift products, promotions and distribution that grow revenue faster; Rewards & Incentives that build loyalty and acquisition and are integrated into today’s leading platforms; and Payments that enable businesses and customers to access and disburse funds in convenient and innovative ways. BHN’s network spans across the globe with over 400,000 consumer touchpoints.

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