Worldline Completes Acquisition of Cardlink SA

Worldline, a global leader in the payments industry, announced that it has completed the acquisition of Cardlink SA, a leading Network Services Provider in Greece.

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The acquisition comes months after the two companies signed an agreement of acquisition in May. This deal represents a privileged opportunity for Worldline to strongly expand its Merchant Services activities in this attractive European market.

Cardlink is the leading Greek Network Services Provider with an above 240,000 Point of Sale fleet, managing around 500 million of transactions a year. 

The company provides more than 10,000 online merchants with strong value-added services through the Cardlink check-out offering and benefits from long-term relationships with Greek’s leading banks.

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Cardlink’s leading position, coupled with Worldline’s global scale, best-in-class technologies, and payment expertise will help deliver double-digit revenue growth for the combined entity, while a robust integration program will support improvements in profitability, driven by operating leverage and cost efficiency.  

Furthermore, the official announcement detailed that Cardlink CEO George Drimiotis will remain as CEO and shareholder of Cardlink alongside Worldline and will be responsible for pursuing the development of Worldline’s activities in Greece