Company:Worldline

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Short description: French financial services company
Worldline SA
TypePublic (Société Anonyme)
Euronext: WLN
CAC 40 Component
Founded1974
HeadquartersBezons, France
Key people
Gilles Grapinet
ProductsPayment Terminals & Merchant Services, Transaction Processing, Mobility & Transactional Web Services
Revenue€4.8 billion (2020)
€311 million (2019)
Number of employees
c. 20,000 (2020)
Websiteworldline.com

Worldline is a French multinational payment and transactional services company founded in 1970.

History

1970–2004: beginnings and diversification

Worldline's first activities in processing payment card transactions date back to the 1970s, first under the name of Sligos - resulting from the merger in 1973 between Sliga, a subsidiary of the Crédit Lyonnais bank, and Cegos[1] - then, from the 1980s, with Segin, specializing in particular in transactions on Minitel. From the 1990s, the company diversified into online payments with Axime, which gave birth - after its merger with Sligos[2] - to the Atos Group.[3]

2004–2014: integration into Atos

In 2004, Atos integrated its payment and online services activities into a division then called Atos Worldline.

In 2006, Atos Worldline included in its scope the Belgian companies Banksys, responsible for securing and guaranteeing electronic payments in Belgium, and Bank Card Company (BCC),[4] specializing in the management of payment systems linked to the country's two largest credit card networks, Visa and MasterCard. The two companies, employing around 1,100 people with a turnover of 309 million euros, were bought out from their four shareholders: Dexia, Fortis, ING, and KBC.[5]

In 2010, Atos Worldline acquired and integrated the Indian company Venture Infotek for around 100 million dollars.[6] The company, specializing in payment and transaction processing, had merchants, as well as banks and government programs, as clients locally.[7]

In 2011, Atos acquired the IT services activities of Siemens, which also included electronic transaction activities, which were integrated into its Worldline division. In 2012, Atos Worldline acquired and integrated Quality Equipment, a Dutch electronic payment company, for an unknown amount.[8]

In 2013, Atos branched out its Atos Worldline division, giving it more autonomy.[9][10]

In 2014, Atos partially listed Worldline for 26.59% of its holdings worth 575 million euros, valuing Worldline at a capitalization of 2.1 billion euros.[11]

Since 2014: consolidator of European payments

In November 2015, Worldline merged its electronic financial transaction processing activities with Equens, a Dutch company. As part of this merger, Worldline paid out 72 million euros and owned 63.6% of the created equensWorldline Company, the rest being held by the shareholders of Equens, Dutch, German and Italian banks. In the context of this merger, Worldline acquired the possibility in the long term to acquire the remaining shares of these banks.[12]

In July 2017, Worldline announced the acquisition of the Swedish company Digital River World Payments (DRWP) for an undisclosed amount.[13] The company, founded in 1997 and based in Stockholm, generated annual sales of 37 million dollars.[14]

Next, Worldline acquired First Data Baltics, a subsidiary of First Data Corp in Lithuania, Latvia, and Estonia for approximately 73 million euros.[15] These three subsidiaries generated a turnover of 23 million euros in 2016,[16] employing around 200 people.

In May 2018, Worldline acquired SIX Payment Services (Europe) SA, the payment services division of the Swiss group SIX, for €2.3 billion,[17] mainly financed by the issue of new actions. With the integration of SIX Payment Services’ 1,600 employees[18] and merchant acquisition activities and services serving more than 200,000 merchants for an income of around 530 million euros,[19] Worldline gained a 30% increase in turnover as well as a number one place in Switzerland, Austria, and Luxembourg. Worldline's ambition through this operation was to create a European payment champion.[20]

In January 2019, Atos, which then had a 50.8% stake, announced the sale by an exchange of shares of a 23.4% stake in Worldline to its shareholders.[21]

Since 2019: Worldline becomes an independent company

In May 2019, Worldline gained independence when Atos’ shareholders approved the plan to redistribute 23.4% of Worldline shares to their investors. Atos still remained Worldline's main shareholder at 27% just ahead of the SIX Group but lost the possibility to control its finances.

In September 2019, Worldline announced the completion of the acquisition of the 36.4% minority interest in equensWorldline, hence becoming the sole owner of equensWorldline.[22]

In February 2020, Worldline announced the acquisition of Ingenico, the world leader in the payment terminal market, for 7.8 billion euros subject to the green light from the competition regulators. The shareholders of Worldline would retain a 65% stake and those of Ingenico 35%.[23] Following this announcement, Atos announced the sale of a 13.1% stake, keeping only a 3.8% stake in Worldline. In parallel, Bpifrance announced the increase of its stake in the company.[24]

In March 2020, Worldline entered the CAC 40,[25] the flagship index of the Paris stock market, which mainly reflected the evolution of the Group's liquidity and market capitalization from 2.2 billion euros in June 2014 at the time of its listing on the stock exchange to more than 11 billion euros when it entered the CAC 40.

In April 2020, Worldline announced the acquisition of GoPay through the purchase of 53% of its shares.[26] The company also announced the contemplated purchase of all remaining shares for 2022. GoPay is a specialist in online payments in Eastern Europe. Through this acquisition, Worldline intended to reinforce its offers to merchants and to strengthen its position in Eastern and Central Europe.

In May 2020, its CEO Gilles Grapinet announced the creation of EDPIA (the European Digital Payment Industry Alliance),[27] a professional organization bringing together the main European companies specializing in electronic payments (Ingenico, Nets, Nexi, and Worldline), and which has set itself the objective of better coordinating the representation of major industrialists in the sector with European authorities and other stakeholders in the payments ecosystem. Gilles Grapinet is its first president.

Activities

Worldline's revenue was divided, in 2018, as follows:

  • Merchant services (36.3%).
  • Financial services (45.2%).
  • Mobility & transactional web services (18.5%)

Fintech

In July 2017, Worldline and the oil Total SE joined forces to finance the deployment of a digital one-stop solution in Africa, designed by the Senegalese startup InTouch, specialized in Fintech.[28]

New payment methods

In spring 2017, Worldline developed in collaboration with the Belgian bank Belfius the first smartphone payment application in Belgium.[29]

Worldline also operates Saferpay.[30]

Management

  • CEO (since July 2013) and President (since October 2019): Gilles Grapinet[31][32]
  • Deputy CEO (since July 2013): Marc-Henri Desportes[31]

Shareholders

List of main shareholders as of October 31, 2020.[33]

SIX Group Ltd. 10.90%
Bpifrance 4.36%
Worldline SA 0.13%
Board of Directors & Senior Executives 0.09%
Employees 0.29%
Free float 84.24%
Of which:
BlackRock Investment Management 6.15%
The Capital Group Companies, Inc. 3.87%
Atos SE 2.55%
Allianz Global Investors GmbH 2.50%
Amundi 1.42%

References

  1. ↑ "Henri Pascaud PDG de Sligos" (in French). https://www.lesechos.fr/1994/03/henri-pascaud-pdg-de-sligos-1042340. 
  2. ↑ "Axime prend le contrôle de Sligos et devient le " poids lourd " de l'informatique bancaire" (in French). https://www.lesechos.fr/1996/10/axime-prend-le-controle-de-sligos-et-devient-le-poids-lourd-de-linformatique-bancaire-843810. 
  3. ↑ "Atos a enregistré une hausse de 68,7 % de son résultat en 1997-1998" (in French). https://www.lesechos.fr/1998/12/atos-a-enregistre-une-hausse-de-687-de-son-resultat-en-1997-1998-804714. 
  4. ↑ "Ce qu'il faut savoir pour réussir à absorber ses concurrents" (in French). https://www.dynamique-mag.com/article/faut-savoir-reussir-absorber-concurrents.8371. 
  5. ↑ "Atos Origin : rachète BCC et Banksys, pour devenir un leader européen des services de paiement" (in French). https://www.boursier.com/actions/actualites/news/atos-origin-rachete-bcc-et-banksys-pour-devenir-un-leader-europeen-des-services-de-paiement-194309.html. 
  6. ↑ "Paris-based Atos buys Venture Infotek". https://www.business-standard.com/article/technology/paris-based-atos-buys-venture-infotek-110082700136_1.html. 
  7. ↑ "Atos rachète un spécialiste des moyens de paiements en Inde" (in French). https://fr.reuters.com/article/businessNews/idFRPAE67P0T020100826. 
  8. ↑ "Paiement électronique : Atos rachète Quality Equipment" (in French). https://www.lesechos.fr/2012/06/paiement-electronique-atos-rachete-quality-equipment-376207. 
  9. ↑ "Atos va filialiser son activité de paiement à la mi-2013" (in French). https://www.lesechos.fr/2013/02/atos-va-filialiser-son-activite-de-paiement-a-la-mi-2013-317869. 
  10. ↑ "Atos va filialiser ses activités de paiement et de transactions" (in French). https://votreargent.lexpress.fr/bourse/atos-va-filialiser-ses-activites-de-paiement-et-de-transactions_1599252.html. 
  11. ↑ "Atos Worldline fera son entrée en Bourse le 27 juin" (in French). https://bfmbusiness.bfmtv.com/01-business-forum/atos-worldline-fera-son-entree-en-bourse-le-27-juin-621932.html. 
  12. ↑ "Worldline s'allie avec Equens pour se renforcer dans le paiement" (in French). https://www.usinenouvelle.com/article/worldline-s-039-allie-avec-equens-pour-se-renforcer-dans-le-paiement.N360968. 
  13. ↑ "e-Paiements : Worldline absorbe son concurrent Digital River World Payments" (in French). https://www.itespresso.fr/worldline-digital-river-world-payments-165702.html. 
  14. ↑ "Paiement : Worldline promet de multiplier les acquisitions" (in French). https://www.lesechos.fr/2017/07/paiement-worldline-promet-de-multiplier-les-acquisitions-176250. 
  15. ↑ "WORLDLINE : acquisition de First Data Baltics" (in French). https://bourse.lefigaro.fr/indices-actions/actu-conseils/worldline-acquisition-de-first-data-baltics-6155943. 
  16. ↑ "BREF - Worldline rachète des filiales de First Data dans les pays baltes" (in French). https://investir.lesechos.fr/actions/actualites/bref-worldline-rachete-des-filiales-de-first-data-dans-les-pays-baltes-1694711.php. 
  17. ↑ "Worldline (Atos) va acquérir le suisse Six Payment pour €2,3 mds" (in French). https://investir.lesechos.fr/actions/actualites/worldline-atos-va-acquerir-le-suisse-six-payment-services-1764646.php. 
  18. ↑ "Le français Worldline acquiert le suisse Six Payment pour 2,3 milliards d'euros" (in French). https://www.latribune.fr/entreprises-finance/banques-finance/le-francais-worldline-acquiert-le-suisse-six-payment-pour-2-3-milliards-d-euros-778451.html. 
  19. ↑ "E-paiement : Worldline va s'offrir le suisse Six Payment Services pour 2,3 milliards d'euros" (in French). https://www.usine-digitale.fr/article/paiement-worldline-va-s-offrir-le-suisse-six-payment-services-pour-2-3-milliards-d-euros.N693604. 
  20. ↑ "Worldline crée avec Six un champion des paiements" (in French). http://www.lessentiel.lu/fr/economie/story/Worldline-cree-avec-Six-un-champion-des-paiements-30294113. 
  21. ↑ "Atos to pay investors with 23.4 percent stake in subsidiary Worldline". https://www.reuters.com/article/us-atos-shareholders/atos-to-pay-investors-with-234-percent-stake-in-subsidiary-worldline-idUSKCN1PO0N7. 
  22. ↑ "Completion of the acquisition of the 36.4% minority stake in equensWorldline". https://worldline.com/en/home/newsroom/press-releases-investors/2019/pr-2019_09_30_01.html. 
  23. ↑ "Worldline's $8.7 billion Ingenico deal to create European payments leader". https://www.reuters.com/article/us-ingenico-m-a-worldline/worldlines-8-7-billion-ingenico-deal-to-create-european-payments-leader-idUSKBN1ZX0JR. 
  24. ↑ "Atos to sell a 13% Worldline stake via private placement". https://www.reuters.com/article/us-ingenico-m-a-worldline-atos/atos-to-sell-a-13-worldline-stake-via-private-placement-idUSKBN1ZX2F4. 
  25. ↑ "Worldline va intégrer le CAC40 le 23 mars" (in French). https://www.tradingsat.com/worldline-FR0011981968/actualites/worldline-worldline-va-integrer-le-cac40-le-23-mars-904321.html. 
  26. ↑ "Worldline reinforces its E-Commerce position in Eastern Europe with the acquisition of GoPay and drives its M&A roadmap further". https://worldline.com/en/home/newsroom/press-releases-general/2020/pr-2020_04_23_01.html. 
  27. ↑ "De grands spécialistes des paiements numériques, dont le siège social est basé au sein de l'Union européenne, lancent un nouvel organisme professionnel [..."] (in French). https://fr.worldline.com/content/worldline-fr/fr/home/newsroom/press-releases-general/2020/pr-2020_05_07_01.html. 
  28. ↑ "Total et Worldline misent sur la Fintech africaine InTouch" (in French). https://www.latribune.fr/entreprises-finance/banques-finance/total-et-worldline-misent-sur-la-fintech-africaine-intouch-745075.html. 
  29. ↑ "Payer avec son smartphone est aussi possible chez KBC et BNP Paribas Fortis" (in French). https://www.lecho.be/monargent/budget/Payer-avec-son-smartphone-est-aussi-possible-chez-KBC-et-BNP-Paribas-Fortis/9929709. 
  30. ↑ Jerónimo, Paulo (2020). "Unicâmbio: expanding business horizons". Worldline. https://worldline.com/en/home/knowledgehub/blog/2020/june/unicambio-expanding-business-horizons.html. 
  31. ↑ 31.0 31.1 "Executive Committee". https://worldline.com/en/home/about-us/executive-committee.html. 
  32. ↑ "Communication from Worldline's Board of Directors". https://worldline.com/en/home/newsroom/press-releases-investors/2019/pr-2019_10_25_01.html. 
  33. ↑ "Compagnie : Worldline" (in French). https://www.zonebourse.com/WORLDLINE-16783982/societe/. 




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