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Fintech & Ecommerce

Ingenico has been acquired for €7.8 billion

Feb 05, 2020

The new combined group would offer payment services to nearly 1 million merchants and 1,200 financial institutions

Ingenico and Worldline

Ingenico has been acquired for €7.8 billion. Source: shutterstock.com

French payment services company Worldline announced to acquire Ingenico for €7.8 billion. The deal wants companies to keep up with fast-changing consumer habits and technologies.

The acquisition of Ingenico would accelerate Worldline growth in merchant services which would represent 49% of the combined revenues.

The combination of Worldline and Ingenico offers a unique opportunity to create the undisputed European champion in payments on par with the largest international players. This transaction comes at the time of accelerating consolidation of the industry and I am convinced that the joined forces of both leaders will deeply transform the industry
Bernard Bourigeaud, Ingenico’s Chairman of the Board of Directors

According to the agreement, Ingenico shareholders will receive 11 Worldline shares and €160.5 in cash for every 7 Ingenico shares tendered.

Furthermore, the acquisition creates an extensive geographical footprint providing by offering seamless cross-border payment transactions. Teamed up companies will access the US market as well, reinforcing their exposure to merchants in Latin America and Asia-Pacific.

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