Worldline to Sell Its POS Terminal Business to Apollo Global Management
Source: Fanny
Worldline is on the verge of selling its point-of-sale terminal business to Apollo Global Management for $2.3 billion, according to resources.
A deal could be completed within days as Worldline seeks to move away from hardware to cloud-based payment services.
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In 2020 Worldline generated a proforma revenue of €4.8 billion but the terminal business has been hit by Covid-19 pandemic.
Last month, the company outlined its intention to hire more than 5000 staff as part of a new strategic plan to accelerate its geographical expansion as well as its investment in technology.
(Source:Finextra)
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