Magellan Partners to acquire mets business line from Worldline for €410m.

Magellan Partners, a private equity firm, agreed to acquire mets business line from Worldline, a company specialising in payment services for merchants and financial institutions, for €410m. “We are embarking on a pivotal transformative chapter for Worldline that goes through increased focus on our core activities. The contemplated transaction is a first step in this journey and affirms our strategic confidence in our payments expertise while empowering MeTS to accelerate its digital transformation as an independent leader. I would like to thank the MeTS teams for their significant contributions to Worldline’s success and express confidence that Magellan Partners’ involvement would drive innovative growth, cementing MeTS and Digital Banking Financial Services activities as a leading player in Europe’s digital future,’’ Pierre-Antoine Vacheron, Worldline CEO.