Worldline is a player in the B2B2C industry with 40 years of experience, Worldline supports and contributes to the success of all enterprises and administrative services in an ever-changing market. Worldline offers a business model built around a global and growing portfolio, thereby providing customers with comprehensive support. Worldline's activities are built around three areas: servicing outlets and terminals, mobile and electronic transaction services, financial processing services and software. Worldline employs more than 7300 people worldwide, with a turnover of 1.22 billion euros in 2015. Worldline is part of the Atos group of companies .
2022: Apollo bought terminal business from Worldline for 2.3 billion euros
On February 21, 2022, the French payment services operator Worldline announced the sale of its business line Terminals, Solutions and Services (TSS, develops and sells payment terminals, and also offers appropriate services and services) to the American financial company Apollo Funds. The value of the transaction is €2.3 billion.
The transaction is subject to approval by relevant regulators and is expected to close in the second half of 2022. After a strategic review of the TSS business aimed at supporting the current transformation and further accelerating the development of the company, Worldline received an offer from investment funds managed by Apollo affiliates. Under the terms of the agreement, buyers after closing the transaction will immediately pay €1.7 billion, and will also provide preferred shares of Apollo, the value of which can reach €0.9 billion, depending on the future formation of the value of TSS.
The deal also includes the signing of a partnership agreement consolidating the strategic and long-term commercial relationship between Worldline and TSS over the next 5 years. Worldline has long been looking for an opportunity to resell this business, acquired during the purchase of its rival Ingenico in 2020.
 | This transaction, which is based on TSS interests, will also simplify the structure of our group, further focus our attention on our core activities and significantly reduce the share of borrowed funds in our balance sheet, which will accelerate our next strategic developments aimed at creating Worldline as a truly global leader of Paytech, "said Worldline CEO Gilles Grapine.[1] |  |
2020: Ingenico purchase for €7.8 billion
On February 3, 2020, Worldline announced the purchase of Ingenico for €7.8 billion. As a result of this merger, the largest payment operator in Europe and the fourth in the world will be created. It is planned to close the deal in the third quarter of 2020. More details here.
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |