Worldline is planning to expand its footprint in the global payments space, particularly in the US and Asia-Pacific regions.
Indian business news website Moneycontrol reported the move citing Worldline managing director of global merchant services Vincent Roland. The company manages more than one million merchant terminals in India.
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Recently, the payment services firm signed a deal to acquire Ingenico. The $8.6bn deal will create the fourth-biggest payments company in the world.
Worldline plans to leverage the new capabilities to expand its services beyond terminal businesses, Roland told the publication.
It will also provide the company with the capabilities of TechProcess, an Indian firm acquired by Ingenico in 2017.
Roland told the publication: “Going forward, we will be offering an omnichannel payment experience to our merchants and partners, further, as a technology company, we can also provide the entire suite of payment options for banks, thereby opening a new set of business opportunities.”
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By GlobalDataWorldline- Ingenico deal: Details
As agreed, Ingenico shareholders will receive 11 Worldline shares and €160.5 in cash for seven Ingenico shares in a primary tender offer. The secondary offer involves an exchange of 56 Worldline shares against 29 Ingenico shares.
The deal value represents a premium of around 16% to Ingenico’s current market capitalisation of around €6.7bn.
The transaction is expected to close by the third quarter of this year.
Worldline shareholders would own 65% of the combined entity, while Ingenico stakeholders will hold the remaining stake.
