Ingenico Group to acquire GlobalCollect for global expansion

Thursday 3 July 2014 08:45 CET | News

Ingenico Group, a global digital payments service provider, has begun negotiations regarding the acquisition of 100% of the share capital of global payments service provider GlobalCollect from its existing shareholders led by Welsh, Carson, Anderson & Stowe, for an enterprise value of EUR 820 million.

The acquisition of GlobalCollect would enable Ingenico to accelerate the implementation of their strategy across all channels, on a global scale, especially in payment services and mobile payments, according to the CEO of Ingenico Group.

Final legal documentation would be signed in Q3 2014. The closing is expected to occur by early Q4 2014.

Ingenico Payment Services provides ecommerce, multi-channel, financial and marketing solutions and it helps merchants manage, collect and secure their payments. Ingenico Payment Services is part of the Ingenico Group.

GlobalCollect processes international ecommerce payments for more than 600 ecommerce brands in the digital goods and services, travel, retail and video gaming industries, among many others.

For more information about GlobalCollect, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

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Keywords: Ingenico Group, GlobalCollect, global expansion, online payments
Categories: Payments & Commerce
Countries: World
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