Worldline closes Cardlink SA acquisition
Worldline SA (EPA:WLN), an expert in the area of payment and transaction services, has announced the completion of its acquisition of Cardlink SA, the leading Network Services Provider in Greece, as part of its wider European consolidation strategy.
The announcement about the completion of the deal is issued about four months after the deal was first announced.
Cardlink is the leading Greek Network Services Provider with an above 240,000 Point of Sale fleet (46% of POS transactions), managing around 500 million of transactions a year (53% Merchant Sales Volumes market share). The company provides more than 10,000 online merchants with strong value-added services through the Cardlink check-out offering and benefits from long-term relationships with Greek’s leading banks.
The Greek market shows unique growth opportunities for Worldline, with a growing addressable market driven by the shift from cash to card and electronic payment adoption.
The integration of Cardlink will allow Worldline to expand in this high potential market, driven by unique access to the leading Greek payment acceptance network, and the opportunity to rapidly expand its Merchant Services activities. Worldline also intends to further develop Cardlink’s longstanding partnerships with key local acquiring banks and offer existing Cardlink customers access to Worldline’s innovative portfolio of services and solutions.
George Drimiotis, CEO of Cardlink, will remain as CEO and shareholder of Cardlink alongside Worldline and will be responsible for pursuing the development of Worldline’s activities in Greece, supported by an expert team of more than 100 new Worldline employees.