Now an Apollo Brand, Ingenico Can Fly Solo

Payments acceptance solutions company Ingenico is now free to operate as an independent firm now that it’s owned by Apollo Funds, after a deal with Worldline that had been under negotiations for months closed on Monday (Oct. 3).

Ingenico has a strategy in place to accelerate its business transformation as a payments ecosystem enabler and has appointed a supervisory board to help its management team drive that ambition, according to a press release on Tuesday (Oct. 4).

Ownership by the Apollo Funds “marks a new era for Ingenico as an independent company,” Ingenico said. The company has plans on tap to develop wide-ranging products and services leveraging its global installed base, R&D capabilities and talent.

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Matthieu Destot will continue to lead Ingenico as CEO and will also serve as a board member. He outlined the company’s vision in a video on its website and called the closing of the deal by Apollo a “significant milestone opening an exciting new era” for Ingenico.

He said the Ingenico crew has an “ambitious strategy” supported by a “longstanding, committed management team” that will work to execute it.

“I strongly believe that the new Supervisory Board members will add tremendous value to the Ingenico growth with each of them bringing a unique set of skills, expertise, vision and perspectives,” he added.

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The company is stepping up its move toward offering a wider mix of software and cloud-based services, “leveraging its latest range of Android OS-based platform (AXIUM), Terminal as a Service (TaaS) offering, and Payments Platform as a Service (PPaaS) platform,” according to the release.

All of Ingenico’s new efforts will be supported by the Ingenico Supervisory Board, headed by Chair Catherine Guillouard. Additional board members include Apollo Funds Partners Michele Rabà and Robert Kalsow-Ramos, Apollo Funds Operating Partner Christopher Harwood and Apollo Funds Principal Yulia Shakhova.

Joining the Supervisory Board as non-executive directors are Rolf Stangl, Gerrard Schmid and Laurence Stoclet.