Lesaka to acquire prepaid electricity submetering and payments business Recharger, expanding alternative payments offering
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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
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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.
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