Gernandt & Danielsson advises Worldline, a European leader in payment services, in connection with the divestment of PaymentIQ, a payment orchestration platform, to Incore Invest for an estimated cash proceeds at closing of c. EUR 160 million, after excess cash distribution.
The closing of the transaction is expected in Q1 2026 subject to the works council consultation process.
Worldline is a European leader in payment services, listed on Euronext Paris, that generated a 4.6 billion euros revenue in 2024.
The divestment of PaymentIQ marks a further step in Worldline’s strategic refocus on core European payment activities and a new milestone in its simplification journey, as part of the North Star transformation plan.
Gernandt & Danielsson advises Worldline with a team lead by partner Corinne Ekman, senior associate Simona Stenborg and associate Elias Vahman, mainly assisted by partners Oscar Anderson (Regulatory), Peter Forsberg (Competition), senior associates Rikard Sundstedt (Regulatory) and Astrid Svensson (Data Protection) and associates Sofie Hallén (Competition) and Olle Häglund (Corporate).