Worldline reinforces its e-Commerce position in Eastern Europe with the acquisition of GoPay and drives its M&A roadmap further

Bezons — 22 / 04 / 2020

Worldline [Euronext: WLN], the European leader in payment and transaction services, announced today that it has acquired a majority stake in GoPay, an expert player in online payments in Eastern Europe. With this acquisition, Worldline expects GoPay to further reinforce the company’s Merchant Services business and strengthen its Central and Eastern European market position. The announcement forms part of the company’s Q1 2020 financial results announcement, which also underlines Worldline’s M&A strategy.

La Défense, Paris, France

Bolt-on acquisition of GoPay, an expert player in online payments in Eastern Europe

GoPay is the leading online collecting payment services provider for small and medium sized businesses in Central Europe including Czech Republic, Slovakia and Poland, offering an extensive range of local payment means and serving more than 9,000 e-shops. With its double-digit revenue growth, GoPay will contribute to building the profile of Worldline’s global Merchant Services business by developing the company’s online collecting capabilities in the fast-growing Eastern European market. The acquisition also strengthens Worldline’s market position in the Czech Republic and its partnership with Komercni Banka. Furthermore, 45 payment experts from GoPay including its current owner Pavel Schwarz, will be joining at the time of closing, which will expand and boost Worldline’s local expertise in digital go-to-market.

Having generated c. €7 million of revenue in 2019 and OMDA of c. €2 million, and a presence in Slovakia and Poland in addition to its home-base in the Czech Republic, GoPay complements Worldline’s footprint in the region as well as its SME business offerings. GoPay’s value proposition is based on a quick access to a high-quality payment collecting engine fit for the needs of small businesses and offering an extensive range of local payment means.

Under the terms of the agreement, Worldline will take over 53% of the stake in GoPay and is entitled to acquire the remaining shares in 2022. This transaction is expected to close in Q3 of 2020.

Continued M&A journey

The acquisition is another milestone in Worldline’s M&A roadmap. On 3 February this year, Worldline and Ingenico announced the signing of a business combination agreement with a view to creating a new world class leader in payment services. Since the announcement, the transaction has been particularly well received by customers and key partners of both groups, which highlights the very compelling industrial and business rationale. Teams from both sides of the companies have been fully mobilized to enable fast progress towards completion and approvals. The transaction is expected to close in Q3 2020 as previously announced.

“Worldline has made significant progress in its M&A strategy roadmap by signing an agreement for the bolt-on acquisition of GoPay, a true specialist in online payments in Eastern Europe. Our resilient business model and our adaptability enable us to pursue our roadmap despite uncertainties linked to the COVID-19. I am looking forward to welcoming 45 new payment experts in the Czech Republic.”

Gilles Grapinet, Chairman and CEO of Worldline

Full Q1 2020 financial results:


About Worldline

Worldline [Euronext: WLN] is the European leader in the payment and transactional services industry. With innovation at the core of its DNA, Worldline’s core offerings include pan-European and domestic Commercial Acquiring for physical or online businesses, secured payment transaction processing for banks and financial institutions, as well as transactional services in e-Ticketing and for local and central public agencies. Thanks to a presence in 30+ countries, Worldline is the payment partner of choice for merchants, banks, public transport operators, government agencies and industrial companies, delivering cutting-edge digital services. Worldline’s activities are organized around three axes: Merchant Services, Financial Services including equensWorldline and Mobility & e-Transactional Services. Worldline employs circa 12,000 people worldwide with a 2019 revenue of circa 2.4 billion euros.


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