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Midpoint Completes Acquisition Of Blockchain World

Mar 15, 2022•over 3 years ago

Acquiring Company

Midpoint

Acquired Company

Blockchain World

PaymentsFinancial ServicesOtherSoftware

Description

Midpoint Holdings Ltd. (TSXV: MPT) (Frankfurt: 8MH1) (“Midpoint” or the “Company”) is pleased to announce that it has completed the acquisition (the “Transaction”) of Blockchain World Ltd. (“BWL”) as announced on December 14, 2021.

Company Information

Company

Midpoint

About

Headquartered in London, UK, Midpoint is an FCA authorized payments institutions specializing in cross-border payments and foreign exchange. SMEs, overseas professionals, property owners, foreign students, individuals, and anyone involved in international payments use Midpoint for transparent, multi-party, multi-currency services. Midpoint currently handles transactions in 27 currencies with the ability to collect and transfer across over 200 countries. This highly secure platform provides customers with the most cost-effective F.X. at the Midpoint of the interbank buy/sell rate, therefore removing the spread as well as hidden costs and fees. Midpoint Holdings Limited is listed on the TSX Venture Exchange and cross-listed on the Frankfurt Stock Exchange. For information on Midpoint, please visit: https://www.midpoint.com.

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