European payments outfit Worldline has entered into a definitive agreement to acquire 100 per cent of the share capital of Digital River World Payments (DRWP).
Founded in 1997 and headquartered in Stockholm, DRWP is a subsidiary of Digital River and employs approximately 120 employees worldwide.
With global payment gateway, multi-acquiring and collecting services under one roof and having generated yearly gross revenue of approximately €37 million in 2016, DRWP delivers online payment acceptance and optimisation solutions for enterprise brands in 175 countries.
Gilles Grapinet, Worldline CEO, said: "With the acquisition of DRWP, we are accelerating the execution of our strategy in merchant services and significantly increasing both our internet payment capabilities and our global reach to support international merchants and large retailers. I am extremely happy to welcome within the Worldline Group the very experienced DRWP team.”
Hayden Reed, DRWP senior vice president and general manager, added: "By joining forces with Worldline, DRWP gains a strategic owner with deep expertise in the global payments processing industry, giving us the opportunity to expand our capabilities and further extend our investment in and commitment to operational excellence for the benefit of our clients.”
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