FIS Reportedly Spending $300 Million to Buy UK FinTech Demica
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FIS is reportedly acquiring UK-based supply chain finance firm Demica for $300 million, according to unnamed sources. The deal was agreed upon last week.
December 16, 2024 | 4:45 pm
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FIS is reportedly acquiring UK-based Demica for $300 million, which could enhance its supply chain finance offerings.
The acquisition of Demica by FIS is likely to enhance FIS's supply chain finance capabilities, which could positively impact its stock price in the short term. The deal's value and strategic fit suggest a positive market reaction.
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