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Worldline completes the acquisition of a 40% stake in Online Payment Platform B.V
Source: Nasdaq GlobeNewswire / 12 Jan 2023 00:00:00 America/Chicago
Worldline completes the acquisition of a 40% stake
in Online Payment Platform B.V.Enrichment of Worldline’s value proposal
in the dynamic marketplaces and platforms verticalParis, La Défense, January 12 2023– Worldline [Euronext: WLN], a global leader in payment services, announces the completion of the acquisition of a 40% stake in Online Payment Platform B.V., as announced on September 29, 2022.
Founded in 2011, Online Payment Platform (OPP) is a Dutch online Payment Service Provider with a dedicated payment solution for marketplaces and platforms and a specific focus in the C2C segment. With a team of over 60 employees they offer their services in the entire European Union and the UK, passporting their Dutch PI licence which they obtained in 2014. OPP serves over a hundred marketplaces and platforms.
Transactions through marketplaces and platforms make up approximately one third of the European e-commerce volumes and are expected to increase to more than half in 2025. In this rapidly changing industry, Worldline, through OPP, is then perfectly positioned to comprehensively target the C2C marketplaces’ need to outsource their payment requirements and to focus on significant growth opportunities in the B2B and B2C marketplaces segments.
The transaction enriches the growth profile of Worldline, and enables synergy for both parties involved through Worldline’s sale infrastructure. This transaction is perfectly in line with Worldline’s strategic roadmap as it expands its exposure into e-commerce and brings a proven technological brick with a unique solution built from the ground up.
Forthcoming events
- February 21, 2023 FY 2022 results
- 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 90
laurent.marie@worldline.comBenoit d’Amécourt
+33 6 75 51 41 47
benoit.damecourt@worldline.comCommunication
Sandrine van der Ghinst
+32 499 585 380
sandrine.vanderghinst@worldline.comHélène Carlander
+33 7 72 25 96 04
helene.carlander@worldline.comAbout 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 20,000 employees in more than 50 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. In 2021 Worldline generated a proforma revenue close to 4 billion euros. 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.
Revenue organic growth and Operating Margin before Depreciation and Amortization (OMDA) improvement are presented at constant scope and exchange rate. OMDA is presented as defined in the 2021 Universal Registration Document. All amounts are presented in € million without decimal. This may in certain circumstances lead to non-material differences between the sum of the figures and the subtotals that appear in the tables. 2022 objectives are expressed at constant scope and exchange rates and according to Group’s accounting standards.
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.
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