Shift4 (NYSE: FOUR), a prominent integrated payments and commerce technology provider, has signed a definitive agreement to acquire Smartpay (NZX:SPY, ASX:SMP), a leading independent provider of payment processing and point-of-sale solutions in Australia and New Zealand, for approximately NZ$296.4 million ($180 million USD).
The acquisition values Smartpay at NZ$1.20 per share, representing a 46.5% premium to its 90-trading-day Volume Weighted Average Price (VWAP). Smartpay currently serves over 40,000 merchants across Australia and New Zealand with tailored payment solutions. The transaction is anticipated to conclude in the fourth quarter of 2025, pending regulatory approvals.
Taylor Lauber, CEO of Shift4, stated that the acquisition aligns with the company’s strategy to deepen its presence in Australia and New Zealand. “This acquisition follows the Shift4 playbook to a tee. It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region,” Lauber said. “By combining our payment infrastructure with Smartpay’s distribution capabilities, we’re well positioned to go-to-market at scale in the region with our leading products and services such as SkyTab POS for restaurants, SkyTab Venue for stadiums and arenas, and our end-to-end payment solution for hotels and unified commerce merchants.”
Shift4 has historically pursued a strategy of integrating acquisitions to deliver a cohesive payment experience, supported by localized distribution, service, and proprietary payment infrastructure. This approach has been successfully implemented in other markets, including Germany, the UK, and Ireland, to achieve rapid scaling. Shift4, listed on the NYSE as FOUR, specializes in simplifying complex global payment ecosystems, processing billions of transactions annually for a wide range of businesses.
Smartpay, traded on the NZX (SPY) and ASX (SMP), is recognized as a leading independent provider of electronic funds transfer at point of sale (EFTPOS) solutions within Australia and New Zealand. The company focuses on designing, developing, and implementing POS payment solutions for its extensive merchant base.
