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

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.

  3 Be the first to comment

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

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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.

Sponsored [New Impact Study] Catering to a new generation though unified card programmes

Comments: (0)

[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming MandatesFinextra Promoted[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates