The new combined group would offer payment services to nearly 1 million merchants and 1,200 financial institutions
French payment services company Worldline announced to acquire Ingenico for €7.8 billion. The deal wants companies to keep up with fast-changing consumer habits and technologies.
The acquisition of Ingenico would accelerate Worldline growth in merchant services which would represent 49% of the combined revenues.
According to the agreement, Ingenico shareholders will receive 11 Worldline shares and €160.5 in cash for every 7 Ingenico shares tendered.
Furthermore, the acquisition creates an extensive geographical footprint providing by offering seamless cross-border payment transactions. Teamed up companies will access the US market as well, reinforcing their exposure to merchants in Latin America and Asia-Pacific.