Tuesday 29th January, 2013

Ingenico, a global provider of payment solutions has reached an agreement in principle with Summit Partners to acquire Ogone, a leading pan-European online payment services provider for an enterprise value of € 360 million.

This acquisition represents a key milestone in the execution of Ingenico’s strategy of becoming a “one-stop-shop” provider covering multi-channel payment solutions: point-of-sale, online and mobile. The combination of Ingenico’s customer base and infrastructure with Ogone’s platform would offer an ability to generate significant synergies in terms of new upselling opportunities. With this acquisition, Ingenico would also further reinforce its presence in Transactions while leveraging the attractive exposure to the online transactions growth.

Based in Brussels, Ogone has developed, over the past ten years, a recognised expertise in making online payment services less complex, more efficient and secured for merchants. Thanks to its scalable, in-house and robust platform and its experienced management team, Ogone has built a prime, truly international client base with over 42,000 merchants, highly diversified in terms of sizes, segments or distribution channels.

The acquisition of Ogone offers a sound financial rationale, with a strong positive impact on both margin and growth profiles, while maintaining leverage under control.