Vantiv Completes Acquisition of Worldpay Group to Form Worldpay Inc.
Vantiv, Inc., a provider of payment processing services and related technology solutions for merchants and financial institutions in the United States, announced that it has completed its acquisition of Worldpay Group plc, a provider of technology-led payment solutions. The combined company, named Worldpay, Inc., 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 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 becomes the #1 Global Merchant Acquirer 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.
This new global payments leader will have a pro forma enterprise value of $31 billion (£23 billion), processing more than US$1.5 trillion (£1.1 trillion) in payment volume.