The man who gave €85m to An Post

John Nagle marked St Patrick's Day by announcing that his company Alphyra had bought a section of An Post for €85 million.

19th March, 2005

Even by John Nagle's audac ious standards, last week's €85 million buyout of a division of An Post marks a “fantastic expansion'‘ of his firm, Alphyra.

The acquisition of PostTS, An Post's electronic payments business in Britain and Spain, means Alphyra has 125,000 payment terminals in 15 European countries. Customers will use those terminals to execute about €3.6 billion-worth of transactions this year.

“That is a lot ofmoney tobe processing,’'Nagle said,with heavy understatement.The chief executive,...

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