Western Union Acquires Intermex for $500 Million in Cash
Deal News | Aug 11, 2025 | Zawya
Western Union, one of the leading money transfer companies globally, has announced its acquisition of Intermex, a U.S.-based firm specializing in payment transfers to Latin America and the Caribbean. The transaction, valued at approximately $500 million in cash, includes a significant premium of over 70% per Intermex share, compared to its last closing price. Western Union expects this strategic acquisition to enhance its earnings per share by $0.10 or more in the first full year following the deal's completion. The acquisition strengthens Western Union's presence in the high-growth Latin American market. Concurrently, Intermex announced plans to cease its quarterly earnings guidance from Q1 2025 and has revised its annual profit and revenue forecasts due to economic uncertainties.
Sectors
- Financial Services
- Remittance Services
Geography
- United States – Both Western Union and Intermex are U.S.-based companies, and the transaction is taking place in this country.
- Latin America – Intermex specializes in payment transfers to Latin America, and the acquisition aims to strengthen Western Union's market presence in this region.
Industry
- Financial Services – The transaction involves companies operating in money transfer and payment services, which are integral parts of the financial services industry.
- Remittance Services – Both Western Union and Intermex operate in the remittances sector, focusing on transferring money across borders, especially to developing regions.
Financials
- $500 million – The purchase price Western Union will pay to acquire Intermex.
- $16 per share – Western Union's offering price per Intermex share, representing a 70% premium over the last close of $9.28.
- $0.10 – Expected increase in adjusted earnings per share in the first year post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Western Union | Bidding Company | Company | A global leader in cross-border, cross-currency money transfer services. |
| Intermex | Target Company | Company | A U.S. company specializing in money transfers to Latin America and the Caribbean. |
| Harshita Meenaktshi | Reporter | Person | Journalist reporting from Bengaluru. |
| Muralikumar Anantharaman | Editor | Person | Editor involved in the news article. |