Western Union has agreed to acquire International Money Express, Inc. for $500 million, enhancing its market presence and digital capabilities in the cross-border payments sector.

Overview of the Target

On August 10, 2025, Western Union (NYSE: WU) announced a definitive agreement to acquire International Money Express, Inc. ("Intermex") (NASDAQ: IMXI) for $16.00 per share in cash. This transaction values Intermex at a total equity of approximately $500 million. Intermex, founded in 1994, employs proprietary technology that enables consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to over 60 countries.

This transaction represents a significant step for both companies, as it aligns with Western Union's strategy to enhance its offerings and geographic reach. The purchase price reflects a 72% premium over Intermex’s unaffected stock price of $9.28 on August 8, 2025.

Industry Overview

The cross-border payments industry continues to experience substantial growth, driven by global migration trends and increasing consumer demand for remittance services. In the United States, remittances to Latin America and t