Worldline and Equens intend to join forces to create the new pan-European leader in payment services
Worldline European market leader in payment and transactional services headquartered in France, and Equens, one of the largest payment service providers in Europe and headquartered in the Netherlands, today announced that they have signed a Memorandum of Understanding (MoU) on a strategic transaction aiming to
create the new pan-European leader in payment services.
Worldline and Equens consider this step as a major milestone in the consolidation of the European payments market. The strategic aim of the new entity is to be one of the
leading and most innovative payment service providers for financial institutions and
corporates in Europe.
Gilles Grapinet, CEO of Worldline says: “This industrial transaction with Equens is a decisive step reflecting our strategic ambition to be one of the leading consolidators of payments in Europe. It will provide an opportunity to join forces with highly experienced payment experts from Equens and to share, within our enlarged Group, a common future. I am particularly pleased that Michael Steinbach, Equens’ CEO, will lead our new financial processing champion, ‘Equens Worldline Company’. From a shareholders’ perspective, this combination will provide significant value creation through the realization of considerable synergies, while preserving our strong financial flexibility. This merger will also allow us to provide to our respective customers even more efficient, reliable and highly innovative payment services.”
Michael Steinbach, Equens’ CEO adds: “Joining forces with Worldline and creating thenew entity, the Equens Worldline Company, is a major milestone in consolidating the European payments market. This step follows consequently the proven strategy of Equens since our foundation in 2006, with a truly pan-European processing payment service provider, to maximize economies of scale and scope, and with that actively supporting the development of an integrated European payments market. Because of the complementarity of the service portfolios of Worldline and Equens, current clients from both companies will substantially benefit in terms of an enlarged, state-of-the-art product portfolio and time-to-market. Based on that, the Equens Worldline Company will create new and innovative business opportunities. I am very excited about this joint future with a highly respected innovative company in the payments market and look forward to the promising future of the new Equens Worldline Company.”