Below is a copy of the French article which states Ingenico's intention. Hmm
Electronical translation of this article:
New territories of INGENICO
The group specialized in the terminals of payment announces forthcoming acquisitions in direction of " competitors in difficulty ". Target zone: the United States
" the anouncement of a great acquisition could intervene quickly ". By presenting the turnover of his group (in rise of 26,3%), Jean-Jacques Poutrel, the chairman of Ingenico shows the direction. At the time when concurrence has problems, Ingénico wants to make its market.
To reinforce the geographic coverage. After having stuck to the growth of the European market (71% of its activity), the manufacturer of terminals of payment wishes to be install himself where there almost does not exist: in the United States. A crucial market for Ingénico at the time when the Americans put
themselves finally at the microprocessor card. The readers of Ingénico are particularly intended for this magic rectangle which made the fortune of the world leader GEMPLUS. The banks of America along time preferred the magnetic ledger cards, cheaper but also less reliable. With the multiplication of the frauds, it is not the time now to try to save money on the security. The more so as the electronic payment via Internet develops and that the smart card offers guarantees without equivalent there too. Remain to know which gate entered to choose. The observers speculate: a tender offer on IVI Checkmate, American distributor of Ingénico? Repurchase of the world leader of the readout magnetic, Verifone, subsidiary of Hewlett-Packard? The
chairman Jean-Jacques Poutrel don't make any comment, specifying nevertheless, which it hopes to announce " great acquisition " from here " three or four months ". Ingenico has cash generated by the new issue of capital of last June (70 million euros) and of the support of its banks. "the operation will be never financed by new issue of capital. It will not have negative impact for our shareholders " guarantees the chairman........ |
