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Worldline announces the completion of the acquisition of the leading payment processor in the Baltics from First Data Corporation

Bezons, September 27th, 2017 – Worldline [Euronext: WLN], European leader in the payments and transactional services industry, announces today the completion of the agreement with First Data Corporation (NYSE: FDC) announced on July 25th, 2017, for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (together “First Data Baltics” or “FDB”) for c.€ 73 million, financed by available cash.

Having generated revenue of c. € 23 million in 2016 and presenting a strong financial profile with OMDA margin materially above Worldline’s OMDA, FDB currently employs c.200 employees and is the leading financial processor in the Baltics, providing to the main Baltic banking groups and also to some banks in the wider Nordic region, a large range of outsourcing services.

 

Through this acquisition, Worldline gains a unique leading position in the fast-growing Baltic countries and significant development perspectives in the Baltics (n°1 in Latvia & Lithuania, n°2 in Estonia) thanks to structural electronic payments growth. Numerous synergy levers with Worldline portfolio have been identified allowing the acceleration of both revenue and profitability.

 

FDB will be consolidated in the Financial Services division of Worldline from October 1st, 2017.

 

Worldline Contacts

 

Worldline Investors Contact

David Pierre-Kahn

Email: David.pierre-kahn@worldline.com

 

Worldline Press Contact

Sandrine van der Ghinst

Email: sandrine.vanderghinst@worldline.com

 

About Worldline

 

Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services, Mobility & e-Transactional Services, Financial Services including equensWorldline. Worldline employs more than 8,700 people worldwide, with estimated pro forma revenue of more than € 1.5 billion on a yearly basis. Worldline is an Atos company. worldline.com

 

About First Data Corporation

 

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

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