American fintech firm FIS has concluded the purchase of UK-based payment processor Worldpay.
The cash-stock deal, worth nearly $43bn, was announced this March.
Go deeper with GlobalData
The merged group will have more than $12bn in pro forma revenue and staff headcount of over 55,000.
The combination is said to result in the creation of a global technology leader for merchants, banks, as well as capital markets.
As part of the deal, former Worldpay executive chairman and CEO Charles Drucker will become vice chairman of the FIS board.
Ex-Worldpay president and COO Mark Heimbouch will become the president of the Merchant Solutions unit at FIS.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFormer Worldpay CFO Stephanie Ferris will serve as the enterprise-wide COO of FIS.
FIS chairman, president and CEO Gary Norcross said: “This transformative combination significantly enhances the scale, portfolio and global footprint of FIS to help our clients capitalise on growth opportunities at a time of rapid marketplace change.
“I would like to extend a warm welcome to Worldpay employees, clients and investors to the FIS family as we work together to bring the benefits to businesses and communities around the world.
“I couldn’t be more optimistic about the future of this company and the innovations and advancements we can bring to advance the way the world pays, banks and invests.”
Another high-profile payment deal- Fiserv’s acquisition of First Data for $22bn– was completed recently.
