Fexco acquires Nordic money transfer company

Fexco is expanding its financial transfer market by acquiring a Nordic based money transfer company. The company, money transfer Nordic operates the western union agency in Sweden Denmark and Finland and was bought by Killorglin based Fexco for an undisclosed sum.The acquisition of MTN will develop its Western Union Agency further with Fexco already operating the agency in Ireland, The Uk, Spain, Malta and Gibraltar. MTN currently transfers money to more than 200,000 western union agent locations in over 190 countries worldwide. The company employs 35 people and is based in Sweden.