Worldline acquired SIX Payment Services for $2.9bn.

Worldline, a European leader in the payments and transactional services industry, acquired SIX Payment Services, a Switzerland-based subsidiary company of SIX Group offering card-based electronic payment transaction products and services, for $2.9bn. Gilles Grapinet, Worldline CEO, said: “For Worldline, reinforced by the talents of our future managers and colleagues from Six Payment Services, this formidable industrial merger is a major strategic step forward. Together, we will beneficiate from reinforced industrial scale, numerous synergies and complementarities that will boost our development, our profitability and that will at the same time, enlarge significantly our offerings to our customers, strongly benefit to our shareholders while opening new professional development opportunities for our all our employees. Through this merger, our Company with its intact financial firepower and its unrivalled size in our continent, will be better positioned than ever to continue its strategic endeavor to build, in the heart of Europe, a new global leader of the payment industry.”