Deal Snapshot
Lightspeed Closes Acquisition of US Cloud Commerce Platform Provider ShopKeep
Friday 27 November 2020

Canada-based cloud-based, omnichannel commerce platforms provider Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD) has closed the acquisition of US-based cloud commerce platform provider ShopKeep Inc. (ShopKeep), the company said.

Lightspeed acquired ShopKeep for a total estimated consideration of approximately USD 440m, satisfied by way of payment on closing of USD 145.2m in cash and the issuance of 9.5m subordinate voting shares in the capital of Lightspeed, subject to the adjustment mechanisms.

Date Published: 27/11/2020