Magellan completes MeTS acquisition to strengthen UK growth

By Milan Rojan

Magellan has completed the acquisition of Worldline’s Mobility & e-Transactional Services (MeTS) business and selected Digital Banking activities, expanding its technology capabilities and strengthening its presence in the UK market.

The acquisition has brought together consulting, technology and operational expertise across sectors including banking, mobility, public services, healthcare and retail. Magellan said the enlarged group now operates in 13 countries with around 6,700 employees and has set a revenue target of €900 million.

Caroline Jéséquel, CEO of MeTS and Managing Director of Magellan Group, said, “Together, we are creating an independent, multi-specialist player that is unique in Europe, capable of supporting major transformations and addressing the challenges of sovereignty and sustainable performance.”

The MeTS business has developed and operated digital platforms serving millions of users across Europe. The acquisition has enhanced Magellan’s capabilities in regulated sectors, including financial services, where secure digital infrastructure and transaction processing have played a critical role.

Magellan said the deal has expanded its footprint in the UK transport and mobility sector. The company added that MeTS has supported the rail industry for more than 40 years and has provided technology solutions that enable digital interactions between operators and passengers.

Pierre-Antoine Vacheron, CEO of Worldline, said, “This transaction marks an important milestone in the execution of our North Star strategy, enabling us to focus on our core payments activities while ensuring a strong future for the MeTS business within Magellan.”

For Worldline, the divestment formed part of its strategy to sharpen its focus on payments. The company said the transaction has supported the execution of its North Star programme and has enabled MeTS to pursue its next phase of growth under Magellan’s ownership.