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U.S. Bancorp's Elavon acquires Payius in Sweden

U.S. Bancorp's global payment processor unit Elavon Inc. has acquired Payius in Gothenberg, Sweden.

The deal will extend Elavon's distribution capability in Sweden and the Nordics.

Payius has been an Elavon-exclusive reseller since 2013, focused on providing Elavon merchant acquiring services in Sweden, Denmark and Finland.

Terms of the deal were not disclosed in the company release.