Ingenico to buy Ogone

Ingenico is to acquire Ogone, the pan-European online payment services provider, for €360 million. The deal forms part of its strategy to become a one-stop-shop for multi-channel payments solutions on the High Street, mobile and online.

"The acquisition of Ogone is a key milestone in the execution of the Group strategy offering unique synergies with Ingenico entities, notably easycash and ROAM," says Philippe Lazare, chief executive officer at Ingenico. “Combining Ogone's leading position in the online space with our unique position in the point of sale and mobile space will enable us to address multi-channel 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. ”

"I see both a strong strategic and cultural fit between Ingenico and Ogone," comments Peter De Caluwe, chief executive officer at Ogone. “This will help us accelerate our strategic focus on expanding globally while further investing in product innovation. Our fraud prevention tools and financial services perfectly complement Ingenico’s portfolio and will leverage their multi-channel strategy. This is exciting news for our customers, partners, banks and our employees and I look forward to bringing my strong e-commerce expertise to Ingenico's management board. ”

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