Elavon, a subsidiary of U.S. Bancorp, has acquired Collective Point of Sale Solutions Ltd in a deal that expands Elavon’s presence and distribution network in Canada and aligns with its global growth strategy.

“The opportunities for Elavon to leverage Collective POS’ solutions and established customer base in Canada will deliver the best of both companies’ offerings to the Canadian marketplace,” Tom Boyer, president of North America for Elavon, said in a press release.

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