PARIS, July 2 French IT systems group Ingenico
said on Wednesday it was in exclusive talks to buy
Amsterdam-based online service payment provider GlobalCollect
for an enterprise value of 820 million euros ($1.12 billion).
The deal, which would rebalance Ingenico's geographical
footprint towards North America and boost its access to Latin
America's high-growth markets, would lift its earnings per share
by around 15 percent in 2015, Ingenico said in a statement.
"The acquisition of GlobalCollect would enable us to
accelerate the implementation of our strategy across all
channels, on a global scale, especially in payment services and
mobile payment", said Philippe Lazare, Chief Executive Officer
Ingenico expects to fund the deal with existing cash on its
balance sheet for 220 million and bank debt of 600 million.
The closing is expected at beginning of the fourth quarter
2014, subject to approval from the relevant regulatory and
During fiscal year 2013, GlobalCollect, which employs over
500 people, reported gross revenue of 305 million euros, net
revenue of 111 million and adjusted Earnings Before Interest
Taxes Depreciation and Amortisation (EBITDA) of 50 million.
($1 = 0.7331 Euros)
(Reporting by Dominique Vidalon; editing by John Irish)