Worldline divests part of Ingenico merchant acquiring businesses
Bezons — 12 / 05 / 2021
As part of the clearance from the European Commission for Worldline’s acquisition of Ingenico provided on 30 September 2020, Worldline, the European market leader in payment and transactional services, has committed to divest part of Ingenico merchant acquiring businesses in Austria and in Belgium and part of Worldline merchant acquiring business in Luxembourg, representing annual revenue of approximately € 25 million in 2020.
Bezons, 12 may 2021 – As part of the clearance from the European Commission for Worldline’s acquisition of Ingenico provided on 30 September 2020, Worldline, the European market leader in payment and transactional services, has committed to divest part of Ingenico merchant acquiring businesses in Austria and in Belgium and part of Worldline merchant acquiring business in Luxembourg, representing annual revenue of approximately € 25 million in 2020.
In that respect Worldline has signed sale and purchase agreements with two purchasers for these merchant acquiring businesses, which remain subject to, among other conditions, approval from the European Commission:
- The Ingenico POS acquiring activities in Austria operated through PAYONE will be sold to an affiliate of Global Payments, a global US provider of payment technology and software solutions. All customers of SIX Payment Services in Austria, which were part of Worldline prior to the combination with Ingenico and which have been transferred to PAYONE on 1st of March 2021, will remain with PAYONE and are not part of the divested businesses.
Worldline's POS acquiring activities in Belgium and Luxembourg, mostly originated from Ingenico, will be sold to Axepta BNP Paribas Benelux, a wholly owned subsidiary of BNP Paribas, a major French bank that already serves merchants in those countries.
Closing of the transactions is expected by end of October 2021.
Beyond these mandatory divestments, Worldline remains a leading acquirer in Belgium and Luxemburg and, through PAYONE, in Austria. The group is totally committed to serve the local merchants with our best-in-class offers and to ensure they fully benefit from our enriched portfolio of services.
About Worldline
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2020 Worldline generated a proforma revenue of 4.8 billion euros. worldline.com
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