Worldline completes the acquisition of Banco Desio Merchant Acquiring activities
29 March 2023 - 3:30AM
Worldline completes the acquisition of Banco Desio Merchant
Acquiring activities
Worldline
completed the acquisition
ofBanco Desio Merchant
Acquiring activities
Reinforcement of
Worldline presence in the promising Italian market
with a strong partner
Paris, La Défense,
March 28,
2023 – Worldline
[Euronext: WLN], a global leader in
payment services, announces
having completed
the acquisition of Banco
Desio’s merchant
acquiring activities and
the set-up of a commercial
partnership aiming to leverage Banco
Desio’s banking network in order to distribute
Worldline’s payment products and services to
merchant customers of the bank
in Italy.
Banco Desio Group is an important Italian
banking group with a strong local approach delivered through a
network of more than 280 branches. The banking group was looking
for a partner to acquire, operate and develop its merchant
acquiring portfolio which delivers payment solutions to c. 15
thousand merchants generating c. 40 million transactions per year,
representing c. € 2.0 billion of MSV. It also manages the marketing
and distribution of more than 19 thousand POS to the merchants
within the bank’s network.
Banco Desio merchant acquiring activities will
be combined within Worldline’s MS Italy joint venture created
following the acquisition of Axepta Italy early 2022 owned at 80%
by Worldline. As part of the transaction, Worldline also enters a
long-term commercial partnership with Banco Desio aiming to
leverage its strong banking network as a key commercial channel in
order to distribute Worldline’s best-in-class payment product and
services to merchants.
Key items of the
transaction
- Worldline to acquire Banco Desio’s
merchant acquiring activities through the Worldline MS Italia joint
venture for a price of € 80 million corresponding to Worldline
ownership in the JV;
- Additional annual revenue of c. €
15 million in year one with expected double-digit organic growth in
the coming years;
- OMDA margin expected above 30% at
closing.
Forthcoming event
- April 26,
2023 Q1
2023 revenue
- June 8,
2023 Annual
General Shareholders’ Meeting
- July 26,
2023 H1
2023 results
- October 25,
2023 Q3 2023
revenue
Contacts
Investor Relations
Laurent Marie+33 7 84 50 18
90laurent.marie@worldline.com
Benoit d’Amécourt+33 6 75 51 41
47benoit.damecourt@worldline.com
Communication
Sandrine van der Ghinst+32 499 585
380sandrine.vanderghinst@worldline.com
Hélène Carlander+33 7 72 25 96
04helene.carlander@worldline.com
About Worldline
Worldline [Euronext: WLN] is a global leader in
the payments industry and the technology partner of choice for
merchants, banks and acquirers. Powered by 18,000 employees in more
than 40 countries, Worldline provides its clients with sustainable,
trusted and innovative solutions fostering their growth. Services
offered by Worldline include instore and online commercial
acquiring, highly secure payment transaction processing and
numerous digital services. Worldline generated a 4.4 billion euros
revenue in 2022. worldline.com
Worldline’s corporate purpose (“raison d’être”)
is to design and operate leading digital payment and transactional
solutions that enable sustainable economic growth and reinforce
trust and security in our societies. Worldline makes them
environmentally friendly, widely accessible, and supports social
transformation.
Disclaimer
This document contains forward-looking
statements that involve risks and uncertainties, including
references, concerning the Group's expected growth and
profitability in the future which may significantly impact the
expected performance indicated in the forward-looking statements.
These risks and uncertainties are linked to factors out of the
control of the Company and not precisely estimated, such as market
conditions or competitors’ behaviors. Any forward-looking
statements made in this document are statements about Worldline’s
beliefs and expectations and should be evaluated as such.
Forward-looking statements include statements that may relate to
Worldline’s plans, objectives, strategies, goals, future events,
future revenues or synergies, or performance, and other information
that is not historical information. Actual events or results may
differ from those described in this document due to a number of
risks and uncertainties that are described within the 2021
Universal Registration Document filed with the French Autorité des
marchés financiers (AMF) on April 25, 2022 under the filling
number: D.22-0342 and its Amendment filed on July 29, 2022 under
the filling number: D. 21-0342-A01.
Worldline does not undertake, and specifically
disclaims, any obligation or responsibility to update or amend any
of the information above except as otherwise required by law.
This document is disseminated for information
purposes only and does not constitute an offer to purchase, or a
solicitation of an offer to sell, any securities in the United
States or any other jurisdiction. Securities may not be offered or
sold in the United States unless they have been registered under
the U.S. Securities Act of 1933, as amended (the “U.S. Securities
Act”) or the securities laws of any U.S. state, or are exempt from
registration. The securities that may be offered in any transaction
have not been and will not be registered under the U.S. Securities
Act or the securities laws of any U.S. state and Worldline does not
intend to make a public offering of any such securities in the
United States.
- Worldline completes the acquisition of Banco Desio Merchant
Acquiring activities
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