FRANCE - NETHERLANDS | Ingenico Group enters into exclusive negotiations to acquire 100% of the share capital of GlobalCollect from its existing shareholders for an enterprise value of €820 million.
The acquisition of GlobalCollect would tremendously contribute to Ingenico Group’s strategy. It would considerably expand Ingenico's footprint in the North American markets and improve its position to tap into the high growth payments markets in the Asia-Pacific and Latin American region. At the same time it would strenghten its card-not-present offering, reach and knowledge, give Ingenico access to around 600 of world's largest online retailers and businesses, and pave the way to sell its Group's payment product and services offering (including smart terminals, mobile payments and payment services).
GlobalCollect - based in Amterdam, The Netherlands - is one of world's leading Payment Service Providers due to its recognized online payments expertise, especially regarding cross-border ecommerce. GlobalCollect provides merchants with a one-stop-shop payment solution by acting as a hub to multiple other payment providers across all continents. Its platform allows online retailers and businesses, including the most recognized brands of the world, to sell their products online, globally. The payment platform connects to payment providers and solutions in 170 countries and providing an access to 150 local payment methods. During fiscal year 2013, GlobalCollect reported gross revenue of €305 million and a net revenue of €111 million.
Sourced from About-Payments, 3rd of July, 2014