Global Payments (NYSE: GPN) announced the acquisition of Worldpay from GTCR and FIS (NYSE: FIS) for $24.25 billion, as well as the divestiture of its Issuer Solutions business, which FIS is acquiring for $13.5 billion.
According to a company statement, the acquisition of Worldpay, will boost Global Payments to serve more than six million customers and a combined $3.7 trillion in transaction volume.
Global Payments will hand over its Issuer Solutions platform for cash and FIS’ stake in Worldpay.
Global Payments will acquire the remaining stake in Worldpay from GTCR for a combination of cash and stock in Global Payments.
The cash consideration payable in Global Payments’ acquisition of Worldpay will be financed with cash proceeds from the sale of Issuer Solutions, cash on hand, and new debt.
Global Payments claims the move will establish it as a leading pure-play commerce solutions provider for merchants on a global scale.
Cameron Bready, CEO of Global Payments, said the acquisition is a pivotal milestone in becoming the worldwide partner for commerce solutions.
Charles Drucker, CEO at Worldpay, said they are creating something special.
“Our solutions will enhance value for our customers, especially for Worldpay’s small and medium-sized businesses. The combination of Global Payments and Worldpay brings together two strong teams with similar histories, a shared culture of innovation and deep payments expertise. I am thrilled about the new opportunities this transaction brings for both of our businesses and our team members worldwide.”
For the full year 2025, Global Payments is reaffirming its outlook for adjusted net revenue, adjusted operating margin and adjusted earnings per share.
Shares of Global Payments were down by 15% in early market trading.