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Ingenico acquires Ogone to build out multi-channel payments strategy

The French payment solution company Ingenico is buying online payment service provider Ogone for €360 million ($488.56 million). Ingenico called the acquisition “a key milestone” in its strategy to become a one-stop-shop provider of multi-channel payment solutions, whether it’s at the POS, online or through mobile devices.

Ogone, with the headquarter in Belgium, has developed an expertise in making online payment services less complex, more efficient and secured for merchants. More than 42.000 merchants offer online payments via Ogone. The company has €42 million of revenue and is expected to generate a revenue growth of 30 percent this year. With the acquisition Ingenico, which has over 20 million terminals deployed in more than 125 countries, will more and more become a multi channel payment provider.

“Combining Ogone leading position in the online space with our unique position in the point-of-sale and mobile space will enable us to address multichannel global payment solutions for both merchants and acquirers, first in Europe and then in high potential geographies. I am very proud of this acquisition that will benefit our employees, customers and shareholders. We look forward to working together”, said Philippe Lazare, Chief Executive Officer of Ingenico.

[Read the complete press release]