Jacksonville-based FIS to acquire Worldpay

Jacksonville, FL — Jacksonville-based FIS is buying Worldpay for approximately $35 billion.  FIS says the merge agreement expands its capabilities by enhancing its acquiring and payment offerings. The combined company will retain the name FIS and will be headquartered in Jacksonville.

In a statement announcing the acquisition, FIS says the combination of stock and cash values Worldpay at an enterprise value of approximately $43 billion.

Worldpay is a leading payment technology company that processes over 40 billion transactions annually, supporting more than 300 payment types across more than 120 currencies.

“Scale matters in our rapidly changing industry,” said Gary Norcross, chairman, president and chief executive officer, FIS. “Upon closing later this year, our two powerhouse organizations will combine forces to offer a customer-driven combination of scale, global presence and the industry’s broadest range of global financial solutions. As a combined organization, we will bring the most modern solutions targeted at the highest growth markets. The long-term value we will create for clients and for shareholders will set the bar in our industry and will create a range of new career opportunities for our employees. I have never been more excited about the future of FIS.”

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