Worldline to buy Ingenico for $8.6B in major payments consolidation play

The acquisition would help the company get into the next mile, offering a broad set of services beyond terminal business and double its size globally, Vincent Roland, managing director of global merchant services for Worldline, told Moneycontrol.Some consolidation is afoot among the payments behemoths of Europe. Smaller, newer fintech companies are eating into their market dominance by adapting faster to changing spending habits, while also looking to capitalize on economies of scale.

Today Worldline, a financial services company that provides everything from in-store point-of-sale terminals through to online payments, data analytics, banking and fraud protection, announced that it would acquire Ingenico, the huge point-of-sale terminal provider that controls 37 percent of the market globally, in a cash and share deal that gives Ingenico a valuation of €7.8 billion ($8.6 billion at today’s exchange rates).