#PayTech / Worldline completes $8.6bn acquisition of Ingenico

French payments firm Worldline has completed its $8.6 billion acquisition of compatriot Ingenico, creating the largest merchant acquirer and payments processor in Europe.

A major reason behind the acquisition is Ingenico’s merchant acquiring business in the US… North America is a geography in which Worldline lacks a major presence, so the deal gives it an immediate foothold in the market.

Following the acquisition closure, Worldline is now the largest European player in payment services… It has also become the fourth largest payments player worldwide, with pro-forma revenues of €5.3 billion in 2019.