Vectron Systems AG Announces Business Combination Agreement with Shift4 and Capital Increase

On June 1, 2024, Vectron Systems AG entered into a Business Combination Agreement with Shift4, a US-based firm specializing in integrated payments and commerce technology. This strategic partnership aims to drive joint growth and operational cooperation.

As part of the agreement, Shift4 plans to launch a voluntary public acquisition offer for all outstanding shares of Vectron at €10.50 per share. This price represents a 50.4% premium over the six-month average share price preceding the announcement.

Additionally, Vectron has resolved a 10% capital increase without subscription rights for shareholders, issuing 805,651 new shares at €10.50 each. The total proceeds from this capital raise are expected to be around €8.5 million.

The agreement includes conditions requiring Shift4 to acquire at least 70% of Vectron’s shares and includes various customary closing conditions. The integration measures may involve delisting Vectron shares from stock exchange trading post-acquisition.

The management of Vectron will remain in position, and the company will start distributing Shift4's payment processing services in Germany.