French funds large Worldline is boosting its presence in Italy by the acquisition of Banco Desio’s service provider buying actions for round EUR100 million.
The service provider buying portfolio delivers cost options to round 15,000 companies, producing about 40 million transactions per 12 months.
The deal builds on Worldline’s acquisition earlier this 12 months of Axepta Italy and the set-up of the Worldline MS Italy three way partnership.
Gilles Grapinet, CEO, Worldline, says: “This operation is totally according to our technique to additional develop our Service provider Providers actions in the direction of the South of Europe and specifically in Italy, a extremely enticing and strategic marketplace for Worldline”.