Worldline, one of the largest payments providers in Europe, now has a majority stake in GoPay, a leading online collecting payments firm for small and medium-sized businesses in the Czech Republic, Slovakia and Poland.
Worldline will acquire a 53% stake and retain the right to acquire the remaining stake in the company by 2022, according to a press release. The news comes three months after Worldline’s acquistion of Ingenico.
“Worldline has made significant progress in its M&A strategy roadmap by signing an agreement for the bolt-on acquisition of GoPay, a true specialist in online payments in Eastern Europe,” Gilles Grapinet, chairman and CEO of Worldline, said in the release. “Our resilient business model and our adaptability enable us to pursue our roadmap despite uncertainties linked to the COVID-19.”
GoPay generated about 7 million euros of revenue in 2019 and worked with more than 7,000 digital businesses.
Cover image: Grapinet