A major reason behind the acquisition is Ingenico’s merchant acquiring business in the US. North America is a geography in which Worldline lacks a major presence, so the deal gives it an immediate foothold in the market and following the acquisition closure, Worldline is now the largest European player in payment services.
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Worldline completes $8.6b acquisition of Ingenico
“This is a very exciting milestone for Worldline, specifically designed to decidedly reinforce the value proposition of our businesses,” says Grapinet. “Having the scale and now global capabilities, we have reshaped our group entirely in order to support our clients.”
