Lesaka to acquire prepaid electricity submetering and payments business Recharger, expanding alternative payments offering
Portfolio Pulse from
Lesaka Technologies, Inc. (Nasdaq: LSAK) has announced the acquisition of Recharger, a South African prepaid electricity submetering and payments business, for ZAR 507 million ($28 million). The acquisition will be paid in two tranches, with the first at closing and the second a year later.
November 19, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lesaka Technologies is acquiring Recharger to expand its alternative payments offering. The acquisition is valued at $28 million and will be paid in two tranches.
The acquisition of Recharger is a strategic move for Lesaka to expand its offerings in the alternative payments sector. This could positively impact Lesaka's stock price as it enhances its market position and growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100