Evertec has acquired BBR for USD 53 million, enhancing its product offerings and expanding into the Peruvian market.
Target Information
BBR, founded in 1995, is a leading technology provider specializing in B2B solutions and payment processing in South America. The company offers its services across Chile, Peru, Argentina, Colombia, and Mexico, catering to a distinguished clientele that includes prominent firms such as Cencosud, Banco Santander, Intercorp, and Enex. Over its 25 years of operation, BBR has facilitated commercial, logistical, and financial exchanges among its clients and their ecosystems, effectively enhancing their business operations.
This successful track record has established BBR as a pivotal player in the technology landscape within the region, further solidifying its reputation as a trusted partner for enterprises seeking advanced technological solutions and payment services.
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Industry Overview
The payment processing industry in South America, particularly in countries like Chile and Peru, has seen significant growth in recent years, driven by the increasing adoption of digital payment methods and
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Transaction Size: $53M