French payments company Worldline says it has entered into exclusive negotiations with European consulting and technology firm Magellan Partners over the potential sale of its Mobility and e-Transactional Services (MeTS) division as well as “other selected activities of Financial Services”. The contemplated transaction, valued at approximately €410 million, is expected to conclude in the first half of 2026.
According to a Worldline statement, the “contemplated carve-out” will include all MeTS operations, including its Customer Contact-as-a-Service and Mobility-as-a-Service solutions, along with “selected activities of FS Digital Banking – which primarily operate outside of payments, involving distinct customers, business models, sales, and delivery processes”.
These businesses collectively generated around €450 million in turnover in 2024 and employ approximately 3,800 people across France, Spain, Germany, Austria, Belgium, India, and the UK.
Worldline says that the contemplated sale will enable the company to streamline operations and focus resources on “core payment activities for merchants and financial institutions”. The company adds that the proceeds will be used to bolster its “financial profile, enhance its strategic flexibility in the medium term, and redeploy capital towards core payment activities”.
This week, Worldline has also unveiled three new executive management team members. Madalena Cascais Tomé, former CEO of SIBS, will become head of financial services on 1 October. She replaces company veteran Alessandro Baroni, who has held the position since February 2023. The company says Baroni has “decided to leave Worldline to pursue other opportunities”.
In addition, the paytech has named Srikanth Seshadri as chief financial officer, effective 8 September, and Anika Grant as chief people officer, starting 1 September. Seshadri joins from Alstom, where he spent 23 years, most recently as VP of treasury and financing. Grant’s professional background includes leadership stints at Accenture, Uber, and Ubisoft.
The leadership appointments add to the recent hirings of Candice Dillon as chief technology officer, Joachim Goyvaerts as head of SMB, and Pierre-Antoine Vacheron as CEO.
Source: https://www.fintechfutures.com/
