Worldline, (Euronext: WLN) a European payments and transactional services firm, announced on Friday it is set to acquire Greece-based network services provider, Cardlink. Worldline claims that Cardlink is the leading Greek Network Services Provider (NSP) with an above 240,000 POS fleet (46% of POS transactions), managing c. 500 million transactions a year (53% MSV market share).
“This acquisition represents a privileged opportunity for Worldline to strongly expand its Merchant Services activities in this attractive European market. Worldline intends to further develop the longstanding partnerships of Cardlink with key local acquiring banks which are benefitting from its leading POS acceptance capabilities, its direct access to an existing and high-quality merchants’ portfolio, while generating significant growth opportunities fueled by increasing card penetration and online capabilities.”
Speaking about the acquisition Gilles Grapinet, Worldline’s Chairman and CEO, stated:
“The acquisition of Cardlink is a significant development in our Group consolidation strategy in Europe, extending our merchant services activities towards the South of Europe. Thanks to this transaction, we indeed benefit from a leading network services provider position in the fast-growing Greek market, driven by the ongoing adoption of electronic payments. This transaction offers attractive development opportunities for Worldline in the coming years and a strong footprint to further expand Cardlink presence in Greece.”
Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. The company provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are.