Global payments provider Worldline has acquired Ingenico Group for an undisclosed sum, creating the largest European payment services provider, according to a press release. Hélène Carlander, Ingenico Group global press officer, told this website via email the acquisition has been finalized, Worldline having announced last month it received merger control clearance from the European Commission.
The merger of the two France-based companies will provide a wider range of digital payment capabilities through integrated payment solutions, improved technology, enhanced innovation capabilities and an extended global footprint, according to the press release.
“Having the scale and now global capabilities, we have reshaped our group entirely in order to support, now more than ever, our clients, merchants and banks in particular, enabling them to rely on state-of-the-art electronic payment services to accelerate their own growth as well as their digital transformation strategy,” Gilles Grapinet, chairman and CEO of Worldline, said in the press release. “Despite the difficult times we are all facing at the moment, I have never been this confident in the group’s potential and future and in its 20,000 employees.”