Fexco Pacific acquires the New Zealand operations of ChangeGroup

(PR.co.nz) Fexco Pacific, a leading money transfer and foreign exchange provider in New Zealand and the Pacific, today announces the acquisition of the licensed Bureau de Change and Western Union outlets of ChangeGroup New Zealand. The transaction completed on 27th March.

Speaking about the acquisition, Chris Wilby, Group General Manager, Fexco Pacific, said “This acquisition significantly enhances our dedicated network in Auckland and Rotorua, giving our customers much greater convenience. By adding eight excellent locations and a well trained team, this acquisition provides a strong platform for expansion of our network in New Zealand.”

Fexco Pacific is part of FEXCO, Ireland’s leading privately owned financial services company, employing over 1,700 people across its operations in Europe, the Americas, the Middle East and Asia Pacific. Over its 30 year history, FEXCO has become an internationally recognized specialist provider of financial transaction processing, foreign exchange and outsourcing services.

ChangeGroup is one of the world’s leading providers of foreign currency and tourist services to the international traveller. Founded in 1992 ChangeGroup has progressively grown and currently has operations across Europe, North America and Asia Pacific.

Media Release on 3 April 2013 by Fexco Pacific

Media Contact:
Chris Wilby, Fexco Pacific
Email: cwilby@fexcopacific.com
Phone: (09) 5820591
Website: http://www.fexcopacific.com