Adyen N.V. signed a definitive agreement to acquire enterprise billing platform Orb for $335 million in cash. The deal utilizes a reverse triangular merger structure. Orb will become an indirect, wholly owned subsidiary of Adyen.
The acquisition unifies billing and payments infrastructure for enterprise merchants. Adyen aims to better serve SaaS business models that use complex, AI-driven usage pricing.
Orb’s co-founders will reinvest a significant portion of their proceeds into newly issued Adyen ordinary shares. Adyen will initially manage Orb under an incubator model to ensure operational continuity.