Trethowans acts for Spire Payments

20 Mar 2013

The Corporate & Commercial, Employment and Commercial Property Teams at Southampton and Salisbury based Trethowans Solicitors has advised Salisbury based Spire Payments UK Limited (Spire Payments) on its acquisition of the entire issued share capital of Thyron Payment Systems Limited (TPSL).

Spire Payments supplies a range of fixed, portable and mobile payment terminals, as well as PIN pads and unattended terminals for integration with cash register systems and self service kiosks. Spire Payments has one of the most experienced management teams in the industry and has the financial backing of Klein Partners Capital Corp, a private investment company.

TPSL is a recognised leader in the mobile payments market, and has been at the forefront of payment services technology. The acquisition cements Spire Payments’ position as the third largest player in Europe in the payment technology sector.

Lucy Grey, a Senior Associate in the Corporate & Commercial Team at Trethowans commented; “We are pleased to have continued to support our international client, Spire Payments, on its acquisition of Thyron Payment Systems Limited and to assist Spire in its commitment to drive forward innovation and provide market leading solutions to its clients and customers. We look forward to continuing to work with them in the future and wish them every success in integrating the experienced Thyron team and products into Spire Payments.”

Kazem Aminaee, CEO and President of Spire remarked; “It’s a wonderful start to 2013 and means Spire Payments is able to hit the ground running in terms of delivering a tried and tested EMV-compliant MPOS solution to our international base of existing customers. Expect more exciting acquisitions in the coming year; this is just the first of many.