Worldline to acquire Digital River World Payments

BW Online Bureau Jul 21, 2017

Atos, a leader in digital transformation, announced that its subsidiary, Worldline, has entered into a definitive agreement to acquire 100 percent of the share capital of Digital River World Payments (DRWP), a leading online global payment service provider from Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions.

Founded in 1997 and headquartered in Stockholm, Sweden, DRWP is a subsidiary of Digital River and employs approximately 120 employees worldwide. With global payment gateway, multi-acquiring and collecting services under one roof and having generated yearly gross revenue of c. € 37 million in 2016, DRWP delivers comprehensive online payment acceptance and optimization solutions for leading enterprise brands, spanning a variety of industries, including travel, retail, direct selling and digital goods.

DRWP’s global platform and large geographical footprint support international payment schemes and currencies across 175 countries, a wide range of local payment brands and methods, and more than 40 acquiring bank connections.

This acquisition presents an important milestone in the execution of the Worldline’s strategy in Merchant Services, as it will significantly expand its geographical reach and capabilities to address global merchants’ needs.

Worldline intends to leverage the experienced and recognized management of DRWP as well as strong complementary technologies and a shared commitment to service between the two companies. The combined product functionality, geographic reach and customer base is expected to deliver the following benefits:

This combination will leverage DRWP’s product functionalities in the 22 countries where the Worldline operates, driving substantial revenue and technological synergies, and will allow Worldline to obtain its first operational positions in Sweden, the U.S. and Brazil. Equally, the development of DRWP will leverage the commercial cooperation framework existing between Worldline and its parent Atos.