Worldline to Acquire Ingenico

February 3, 2020

Cleary Gottlieb is representing Worldline, a European leader in the payment industry, in its acquisition of Ingenico to create a new world-class leader in payment services.

The transaction will be implemented through a tender offer, with Ingenico shareholders receiving 11 Worldline shares and €160.50 in cash for seven Ingenico shares, and provides for a “mix-and-match” mechanism.

This friendly transaction, announced on February 3, 2020, was unanimously approved by the respective boards of directors of each company and received the full support of Six Group, Atos, and Bpifrance.

The transaction remains subject to customary conditions, including regulatory, merger control clearances, and information and/or consultation with employee representative bodies, as well as Worldline shareholders’ approval.

It is expected that the tender offer will be filed with the AMF in June 2020 or July 2020, once regulatory and merger control clearances processes are in progress, and the closing is expected in the third quarter of 2020.

Worldline is the European leader in the payment and transactional services industry. It is present in 30+ countries, and its activities are organized around three axes: merchant services, financial services including equensWorldline and Mobility, and e-transactional services. Worldline employs circa 12,000 people worldwide, with 2019 estimated revenue of circa €2.4 billion.