The agreement to buy Global Blue follows Shift4’s acquisition early last year of Finaro, an Israel-based processor with extensive operations in Europe, for $525 million. It followed up that deal with its move in June to buy a majority stake in Germany’s Vectron Systems AG, a provider of merchant services and point-of-sale technology.

Shift4, a leader in integrated payments and commerce technology, and Global Blue, the leading specialty payments and technology platform enabling tax-free shopping, dynamic currency conversion, and payments solutions to the world’s largest retail brands,

Payments processor Shift4 has agreed to buy travel and retail-focused financial technology platform Global Blue in a deal valued at $2.5 billion, the companies said on Tuesday. The acquisition will give Shift4 access to Global Blue's tax-free shopping and payments technology and help it solidify its foothold across Europe,