Atos subsidiary Worldline is to acquire SIX Payment Services in a cash and shares deal worth €2.3bn ($2.7bn). Upon completion in Q4, the purchase would give Swiss stock exchange operator SIX, the parent company of the payment services outfit, a 27% stake in Worldline, which expects group revenue to rise by 30% as a result of the deal. The acquisition will be subject to regulatory approval from both regulators and shareholders.
Atos subsidiary Worldline is to acquire SIX Payment Services in a cash and shares deal worth €2.3bn ($2.7bn). Upon completion in Q4, the purchase would give Swiss stock exchange operator SIX, the parent company of the payment services outfit, a 27% stake in Worldline, which expects group revenue to rise by 30% as a result of the deal. In addition, Worldline will expand its presence to markets in Luxembourg, Switzerland and Austria, and strengthen its footprint in Germany.