Deals
Payment-Services Giant Worldline to Buy Ingenico in $8.6 Billion Deal
- $8.6 billion deal the biggest of the year so far in Europe
- Combined firm to be one of largest of its kind in the industry
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Worldline SA agreed to buy rival Ingenico Group SA in a 7.8 billion-euro ($8.6 billion) deal the French technology companies say will form one of the largest payment-services providers.
The two companies had been circling each other for years, and Worldline Chief Executive Officer Gilles Grapinet said on a conference call Monday that Ingenico’s reorganization last year made it the right time to bid.