Worldline, a European payments and transactional services company, has agreed to buy 100% share capital of Digital River World Payments (DRWP), an online global payment service provider and a subsidiary of Digital River.

DRWP offers complete online payment acceptance and optimisation solutions to a number of industries including travel, retail, direct selling and digital goods across 175 countries.

Worldline Group noted that the proposed takeover will considerably expand its geographical reach and capabilities to address global merchants’ requirement.

The combined product functionality, geographic reach and customer base of Worldline Group and DRWP will provide substantial revenue and technological synergies, and will allow the acquirer to obtain its first operational positions in Sweden, Brazil and the US.

Worldline’s clients will benefit from connectivity with numerous acquiring partners across the globe and from a large range of local and international payment methods through global contract and collection of funds.

The acquisition will significantly speed up the development roadmap of Worldline’s SIPS gateway by integrating multi-acquiring and collecting functionalities.

Upon completion of the transaction, which is expected to conclude before the end of the third quarter of 2017, DRWP will be integrated with Worldline’s merchant services global business line.

Worldline CEO Gilles Grapinet said: “With the acquisition of DRWP, we are accelerating the execution of our strategy in Merchant Services and significantly increasing both our internet payment capabilities and our global reach to support international merchants and large retailers.

“Together, through the power of this combination, we are in a unique position to deliver the next generation of payment services for the digital commerce era. As illustrated today, Worldline continues to work in order to further accelerate its external growth strategy.”