Western Union to Acquire Intermex for About $500 Million, Boosting Expansion in Latin America

Western Union to Acquire Intermex for About $500 Million, Boosting Expansion in Latin America #

Western Union has agreed to acquire International Money Express (Intermex) in an all-cash deal valued at approximately $500 million, or $16 per share—a premium of over 70% compared to Intermex’s last closing price of $9.28. The transaction, expected to add more than $0.10 to adjusted earnings per share in its first full year, is seen as a strategic move to deepen Western Union’s presence in fast-growing Latin American corridors and enhance its U.S. retail network

Under the agreement, which has garnered unanimous approval from both companies’ boards, Western Union will integrate Intermex’s six million customers, agent relationships, and retail footprint to sharpen its digital offerings and capture operational efficiencies.The deal is anticipated to close by mid‑2026, pending customary regulatory approvals

Reuters