Worldline to Acquire Leading Payment Processor in the Baltics from First Data Corporation

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

Worldline has announced the signature of an agreement with First Data Corporation for the acquisition of 100% of the share capital of First Data's fully owned subsidiaries in Lithuania, Latvia, Estonia (together "First Data Baltics" (FDB)) for Euro 73 million, financed by available cash.

Having generated revenue of Euro 23 million in 2016, FDB currently employs 200 employees and is the leading financial processor in the Baltics.

Gilles Grapinet, Worldline CEO said: "The acquisition of First Data Baltics is a significant development for our Group to accelerate the execution of our Pan-European consolidation strategy in Financial Processing services. In one transaction, we gain a leading position in the fast-developing countries of Latvia, Lithuania and Estonia; we reinforce our group capabilities in the north of Europe and will establish new relationships with numerous prestigious Baltic and Nordic banks. We are extremely happy to welcome in the Worldline Group circa 200 new colleagues and payment experts, led by Zanda Brivule Jansone, a very talented CEO, and her management team. Together, leveraging FDB proven expertise with the strengths of the portfolio and capabilities of equensWorldline, we are in a unique position to deliver the next generation of payment services for the Baltic banking community, and more widely for the customers of the Nordic region."

The transaction is expected to close during the third quarter of 2017.


+44 (0) 1903 723 548

Microexpert Limited
Gratwicke House
10 East Street
West Sussex
BN17 6AW, UK

© 2018 Microexpert. Registered number 01755695.