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Technology Stocks : Ingenico S.A
INGIY 29.260.0%Dec 11 3:00 PM EDT

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From: JakeStraw7/3/2014 2:18:40 PM
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Ingenico Group enters exclusive negotiations to acquire GlobalCollect, a leading global online full service payment provider
ingenico.com

Enhancing the group’s position as global leader in seamless payment, thanks to strong complementarities with Ingenico Payment Services (Ogone)

Purchase price of €820 million, fully financed by available cash and bank debt

Closing expected by early Q4 2014

EPS: expected accretive impact of around 15% in 2015 (before PPA)

2016 targets expected to be revised upwards: pro forma group 2016 revenue over €2.2bn with an EBITDA margin in excess of 20%
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