Worldline e-payment service comes to Baltic market through acquisition of First Data Baltics

26 July 2017

WorldlineWorldline, a France-based European provider of end-to-end financial and payment solutions, is reportedly acquiring another company in its move to expand further to the global market. The company this week plans to purchase 100 percent ownership in the share capital of First Data Baltics for the amount of 73 million EUR in cash.

This latest take-over comes somewhat ten days after the company’s purchase of Digital River World Payments announcement. The ownership of Digital River provides Worldline with access to payment markets in Sweden, United States and Brazil.

Meantime, adding First Data Baltics to its asset portfolio Worldline will have an open door to the markets of Lithuania, Latvia and Estonia. First Data Baltics currently has a staff of 200 employees with the revenue for 2016 reported to reach 23 million EUR.

Speaking for Worldline, Gilles Grapinet, noted that the take-over of First Data Baltics represents a substantial step for the Group to speed-up their ambitious goal to consolidate their strategy in financial processing place across Europe. Through this deal the company gets a leading position in the Baltic markets establishing new ties with the banks in the Baltic and Nordic regions.

According to the reports the deal is scheduled for close within the third quarter of this year.

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