Zurich, Switzerland – Global Blue Group Holding AG recently held its Q3 2025 Earnings Call, led by Chief Executive Officer Jacques Stern and Chief Financial Officer Roxane Dufour. During the call, Stern highlighted the major event of Global Blue’s acquisition by Shift4, where Shift4 acquired 100% of Global Blue. The acquisition was valued at $2.5 billion, with Global Blue no longer being listed on the New York Stock Exchange post-closing. The transaction, subject to regulatory approval and a minimum tender of 90% of Global Blue’s issued and outstanding shares, is expected to close in the third quarter of 2025.

Stern expressed optimism about the combination with Shift4, noting the complementary strengths of the two companies. Shift4, known for its leadership in integrated payment and commerce technology in the US, will benefit from the European and APAC presence of Global Blue. The Global Blue Board unanimously recommended that shareholders accept the tender offer, which has also received approval from Shift4’s board.

The purchase price in the acquisition includes $7.50 per common share, representing a 15% premium over the closing share price, as well as $10 for preferred shares Series A and $11.81 for preferred shares Series B. This valuation translates to an enterprise value of $2.5 billion, at around 13 times the EBITDA. The announcement of the acquisition marks a significant milestone for Global Blue, with a strategic shift in ownership on the horizon.

Looking ahead, the integration of Global Blue and Shift4 is expected to lead to strengthened capabilities and expanded offerings in the payment and commerce technology sector. The acquisition reflects a strategic decision to enhance market presence and drive growth in key regions. With both companies bringing unique expertise to the table, the collaborative efforts are poised to create synergies and unlock new opportunities in the global market.

As the deal progresses towards finalization, stakeholders are closely monitoring the developments and anticipating the potential impact on the industry landscape. The transformation resulting from the acquisition is expected to position the combined entity for future success and innovation in the evolving payment and commerce technology sector.