360 Payment Solutions Spa (“360PAY”) announces the acquisition of TSI Plus SL and José Miguel López SL, together trading and known as “Global STAR”, from Grupo Europa Enlazo SL of the López family. Global STAR offers a comprehensive suite of services for HGV customers primarily based in Spain and Portugal.
“This transaction comes after a personal knowledge and relationships with the López family, and José Miguel in particular, for over 20 years. It allows us to strengthen our footprint in Spain and Portugal marking a critical step forward to the objective of being the leading and independent player in the field of payment and mobility solutions to HGV operators in the Iberian region. We warmly welcome José Miguel, who will continue in his role, and the entire team of Global STAR into our family.” said Marco Alberti, CEO of 360PAY.
José Miguel López, Global STAR CEO, further stated: “We are enthusiastic of joining 360PAY, with whom we share values, background and goals. Joining forces makes us stronger and the synergies it will unfold will ensure an even brighter future for all our employees, customers, and partners.”
Global STAR will continue to trade with its own brand as an independent entity within 360PAY under the leadership of José Miguel López, ensuring that its customers and partners will enjoy the exceptional level of care they have relied on, yet benefiting from enhanced product offering.
In this transaction 360PAY has been advised by Scoa and supported by Dentons for legal matters and due diligence, and Crowe for financial due diligence.
About Global STAR
Global STAR is the brand used since 2000 by the subsidiaries of Grupo Enlazo operating in the field of mobility solutions for HGV customers: tolling, VAT and excise refund, but also ferry, tunnel and rail bookings and the proprietary Global STAR fuel card, accepted in some 9.000 sites. Global STAR employs more than 50 people out of its head offices in Murcia, servicing 3.000 customers primarily located in Spain and Portugal and processing annual volume of transactions worth around €140 million.