Transaction Creates a Leading Global Payments Provider in
Integrated Omni-Commerce, Differentiated by Leading Capabilities
and Expertise in High-Growth Verticals
- Creates Leading Global eCommerce Payments
Platform
- Takes Vantiv's Leadership and Expertise in Integrated
Payments into New Markets
- Leverages Combined Technology Capabilities to Deliver
Customer-Centric Innovation at Scale
CINCINNATI and LONDON, Jan. 16,
2018 /PRNewswire/ -- Vantiv, Inc., a leading provider
of payment processing services and related technology solutions for
merchants and financial institutions in the U.S., announced today
that it has completed its acquisition of Worldpay Group plc, a
leader in technology-led payment solutions. The combined company,
named Worldpay, Inc. (NYSE: WP; LSE: WPY), creates a leading
payments provider uniquely equipped to power global integrated
omni-commerce, processing more than 40 billion transactions
annually through more than 300 payment types across 146 countries
and 126 currencies. The proposed combination of the two companies
was announced on August 9, 2017.
Worldpay, Inc.'s class A common stock will begin trading today
on the New York Stock Exchange under the symbol "WP" and on the
London Stock Exchange via a secondary standard listing under the
symbol "WPY."
Executives of the new Worldpay - which today becomes the #1
Global Merchant Acquirer1 able to accept payments from
geographies covering 99 percent of global GDP - will ring the
Closing Bell of the New York Stock Exchange to celebrate the first
day of trading as the newly combined company.
"Our combination is transformative for our colleagues, customers
and the worldwide payments industry," said Charles Drucker, executive chairman and co-CEO
of Worldpay, Inc. "We would not be here without the enthusiasm,
dedication and hard work of all our people, who will continue to
forge the future of payments. By combining the expertise of our
teams, we will provide further value to our customers, helping them
prosper in the fast-changing and complex digital economy."
Philip Jansen, co-CEO of
Worldpay, Inc., said, "The new senior leadership team is in place
and has already begun to implement our plan to integrate the two
businesses, delivering new value for customers, realizing cost
synergies and capturing revenue opportunities that will benefit our
shareholders. This will be evidenced as Worldpay creates
customer-centric innovation at scale, leveraging our combined
operations, technology infrastructure and data and analytics
capabilities. Charles and I look forward to delivering this value
to our customers across the world."
This new global payments leader will have a pro forma enterprise
value of $31 billion (£23 billion),
processing over US$1.5 trillion (£1.1
trillion) in payment volume.
CONTACTS
Media
Andrew
Ciafardini
Corporate Communications
513.900.5308
Andrew.Ciafardini@vantiv.com
Adam Kiefaber
Corporate Communications
513.900.5097
Adam.Kiefaber@vantiv.com
Investors
Nathan
Rozof
Investor Relations
866.254.4811 or 513.900.4811
IR@vantiv.com
ABOUT WORLDPAY, INC.
Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments provider
with unique capability to power global integrated omni-commerce,
any payment, anywhere. With industry-leading scale and an unmatched
integrated technology platform, Worldpay offers clients a
comprehensive suite of products and services globally, delivered
through a single provider.
Annually, Worldpay processes over 40 billion transactions
through more than 300 payment types across 146 countries and 126
currencies. The company's growth strategy includes expanding into
high-growth markets, verticals and customer segments, including
global eCommerce, Integrated Payments and B2B.
Worldpay, Inc. was formed in 2018 through the combination of the
No. 1 merchant acquirers in the U.S. and the U.K., Vantiv, Inc. and
Worldpay Group plc. Worldpay, Inc. trades on the NYSE as "WP" and
the London Stock Exchange as "WPY."
Visit us at www.worldpay.com.
1 Based on number of transactions; analysis of data
published in The Nilson Report, issues 1095 (September 2016), 1105 (March 2017) and 1110 (May
2017)
© 2018 Worldpay, Inc. All Rights Reserved. All trademarks,
service marks and trade names referenced herein are the property of
their respective owners. Worldpay and other Worldpay and Vantiv
products and services mentioned herein as well as their respective
logos are registered trademarks or trademarks of Worldpay, Inc. and
Vantiv, LLC in the U.S. and other countries.
Logo -
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Logo -
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