Vantiv officially completes Worldpay acquisition

Vantiv today officially completed its acquisition of Worldpay Group plc. The combined company, named Worldpay Inc., is now set to process more than 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies, according to a press release.

The proposed combination of the two companies was announced on Aug. 9.

Worldpay class A common stock will begin trading today 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."

"Our combination is transformative for our colleagues, customers and the worldwide payments industry," Charles Drucker, executive chairman and co-CEO of Worldpay, said in the press release. "We would not be here without the enthusiasm, dedication and hard work of all our people, who will continue to forge the future of payments. By combining the expertise of our teams, we will provide further value to our customers, helping them prosper in the fast-changing and complex digital economy."


Topics: Transaction Processing

Companies: Vantiv, Worldpay, Inc.


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