28 August 2016
Find out more

Ingenico acquires Ogone in bid to become one-stop payments shop

29 January 2013  |  6868 views  |  0 Paris - Eiffel tower

Ingenico is to acquire pan-European online payments firm Ogone from Summit Partners for EUR360 million, underpinning its strategy to become a one-stop-shop for multi-channel payments processing on the high street, on the mobile, and online.

Based in Brussels, Ogone has built an international client base of over 42,000 merchants for its e-commerce payments platform. In 2012, with more than 280 employees, Ogone reached €42 million of revenue, with an Ebitda margin of around 30%. A recent white-label contract win with Barclaycard is expected to guarantee revenue growth in excess of 30% in 2013.

Philippe Lazare, chief executive officer of Ingenico, says: "Combining Ogone's leading position in the online space with our unique position in the point-of-sale and mobile space will enable us to address multi-channel global payment solutions for both merchants and acquirers, first in Europe and then in high potential geographies."

He says the acquisition will have a strong positive impact on both margin and growth profiles, with upsell opportunities expected to generate €20m by 2015.

The secured financing of the acquisition will consist in existing cash for €120 million and in committed bank lines for €240 million. The deal is expected to completed in Q1 2013, subject to talks with unions and approval by regulators.

In February last year, Ingenico took a controlling stake in Roam Data, which offers a Square-alike dongle for processing card payments via mobile phones.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Ingenico brings PayPal option to POS terminals

Ingenico brings PayPal option to POS terminals

17 January 2012  |  9193 views  |  2 comments
Ingenico to buy Hypercom US payments system business

Ingenico to buy Hypercom US payments system business

04 April 2011  |  8262 views  |  0 comments
Ingenico buys easycash for EUR290m

Ingenico buys easycash for EUR290m

25 September 2009  |  8525 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit equens.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
7927 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7656 views 11 | 24 tweets | 10 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6635 views comments | 17 tweets | 21 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6126 views comments | 14 tweets | 14 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
6045 views comments | 16 tweets | 18 linkedin

Featured job

Find your next job