PARIS | Ingenico Group announced the final closing of the acquisition of GlobalCollect, a leading global online full service payment provider, after approval by the relevant regulatory and antitrust authorities.
In July last year, the news came out that Ingenico Group entered into exclusive negotiations to acquire 100% of the share capital of GlobalCollect from its existing shareholders for an enterprise value of €820 million (see article here).
The acquisition of GlobalCollect considerably expands 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 strengthen its card-not-present offering, reach and knowledge, give Ingenico access to around 600 of world's largest online retailers and businesses.
Unrivalled presence in 125 countries
This transaction puts Ingenico Group in a unique position with an unrivalled presence in 125 countries, connections to more than 1,000 banks and acquirers and acceptance of more than 250 traditional and alternative payment methods, from in-store terminals to on-line and mobile solutions (digital wallets, Apple Pay).
“Through the acquisition of GlobalCollect, we accelerate the implementation of our strategy on a global scale. This operation will enable us to continue to simplify payment for our customers, across all channels - in store, on line and mobile – and everywhere across the world”, said Philippe Lazare, President and Chief Executive Officer of Ingenico Group.
Sourced from Press Release, September 30th, 2014, Ingenico Group.