Blackhawk to Acquire Achievers

Gift card giant Blackhawk Network has entered into a definitive agreement to acquire Achievers Corp., a leading provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The acquisition will broaden the reach of Blackhawk’s already extensive incentive and engagement business. Earlier this year Blackhawk launched a new incentives division, Blackhawk Engagement Solutions, which is a leading global provider of customized incentive and engagement solutions for consumer promotions, direct and indirect sales channel incentive programs and employee rewards. Blackhawk Network plans to finance the purchase using cash on hand. Details of the purchase price are not yet available. The transaction is expected to close by June 30, 2015, subject to customary closing conditions. “We continuously monitor the marketplace for opportunities that can enhance our position as a leader in the prepaid and incentive industries,” says Blackhawk CEO Bill Tauscher. “Achievers fits extremely well with our overall direction and vision, and we are excited to welcome the organization to Blackhawk Network.” Read more >