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.
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,...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine