Takeover of local firm

Richard Bradley, CEO of acceptcards.
Richard Bradley, CEO of acceptcards.

Elland based acceptcards have been acquired by fellow payment specialist firm UPG PLC.

Following a move in 2012 to their own three storey building in Elland, acceptcards have expanded steadily and now employ a team of 16 people all from within the Calderdale area.

Richard Bradley, from acceptcards, said: “We are delighted to join forces with UPG, and we see a great opportunity for merchants to benefit from the new services and resources that UPG will make available.

“We are looking forward to launching the new product offerings in conjunction with our partners through 2014 and beyond.”

Miles Carroll, CEO of UPG, said: “When we first met acceptcards a year ago it was obvious in the first few minutes that the businesses should come together.

“With the backing of our shareholders we have added a great new dimension to our business.

“This is the latest in a series of successful acquisitions made by UPG in the payments arena over the last four years.

“We continue to look for similar opportunities and imagine that there will be other deals we can complete in the UK and Europe.”

Exact details have not been released on the structure of the transaction the deal was seven figures and is also expected to result in new jobs over the next 12 months.