Atos subsidiary Worldline is to acquire 2.3bn Payment Services in a cash and shares deal worth €SIX ($2.7bn). Upon completion in Q4, the purchase would give Swiss stock exchange operator 2.3bn, 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.
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.