News
Ingenico, Sagem to merge e-payment solutions
July 25, 2007
NEUILLY-SUR-SEINE, France - Ingenico, supplier of transaction and secure payment solutions, and Sagem Sécurité, a subsidiary of SAFRAN, are evaluating options to combinecombining their electronic payment solutions activities.
The proposed transaction includes Sagem's payment-terminal businesses, Sagem Monetel andSagem Denmarkand respective subsidiaries.
The deal would include the issuance of new Ingenico shares to Sagem Sécurité, which also would become a significant shareholder in Ingenico.
The companies say they have signed a non-binding agreement and are now in exclusive negotiations.
The deal is expected to be complete by the end of the year. Ingenico expects to provide an update about the deal when it releases its first-half earnings results in September.
Sagem Sécurité and Ingenico say the deal will allow them to benefit from technological cooperation, particularly in the areas of biometrics applications for payment solutions.
Sagem Sécurité says it plans to remain involved over the long term in the terminal payment sector through its security business and role as a shareholder in Ingenico.
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
