PARIS (Agefi-Dow Jones)–The electronic payments specialist Worldline announced on Monday the signing of a firm agreement to acquire the merchant acquiring activities of the Italian bank Banco Desio for an amount of approximately 100 million euros. euros.
The transaction is expected to provide Worldline with additional annual revenue of approximately €15 million in the first year and the acquired businesses are expected to post double-digit organic growth over the next few years, Worldline said in a statement. communicated. At the closing of the operation, the gross operating surplus margin (OMDA) is expected to exceed 30%, according to the group.
The closing of the transaction is expected in the first quarter of 2023 after obtaining the usual regulatory approvals, Worldline said.
The French group has planned to set up a business partnership aimed at leveraging Banco Desio’s banking network to distribute Worldline’s payment products and services to the bank’s merchant clients in Italy.
“This operation is fully in line with our strategy to develop our merchant services activities in Southern Europe and in particular in Italy, a strategic and very attractive market for Worldline where we intend to continue to building on our presence established last year with the acquisition of Axepta Italy in early 2022 and the creation of the joint venture Worldline MS Italy,” said Gilles Grapinet, CEO of Worldline, quoted in a press release.
-Pierre-Jean Lepagnot, Agefi-Dow Jones +33 (0)1 41 27 48 19; [email protected] ed: VLV
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November 07, 2022 04:00 ET (09:00 GMT)