Worldline Sells Swedish Unit CoreOrchestration for €160m
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Worldline, a French multinational payment and transactional services company, announced yesterday, December 8, that it has sold its Swedish payments orchestration business, CoreOrchestration.
The business was purchased by Incore Invest in an all-cash transaction valued at €160 million.
The Sale Comes As Part Of Worldline’s Overhaul
The deal comes as part of an extensive turnaround plan for struggling Worldline. As such, it is expected to close at some point in Q1 2026, and it will see CoreOrchestration operate as a standalone firm under Incore Invest’s ownership.
Right now, Worldline is engaged in a comprehensive overhaul of its operations, which has led to the decommissioning of five of its platforms, as well as the integration and automation of operations, the simplification of the organization, and a renewed focus on commercial performance.
As for CoreOrchestration, it was founded in 2014, and it offers PaymentIQ – a SaaS platform that helps merchants centrally manage, optimise, and analyze payment performance across payment providers and markets.
The company last reported revenue of roughly 50 million euros, and after the completion, the business will transition through a carve-out process to start operating as a standalone entity, controlled entirely by Incore Invest.
CoreOrchestration And Worldline Are Parting Ways
Incore Invest’s CEO and founder, Nicolai Chamizo, commented on the move, saying that as a standalone company, CoreOrchestration will be able to increase speed and agility, according to Incore’s assessment. The company is looking forward to supporting CoreOrchestration’s team as they build the next phase of their growth.
Meanwhile, CoreOrchestration’s Managing Director and CEO, Neil D’Souza, also commented, saying, “We have established PaymentIQ as one of the most comprehensive orchestration platforms on the market and the natural choice for European merchants with global ambitions. Myself and the team are incredibly excited to take the business to the next level as a standalone player in Incore Invest’s portfolio.”
The offloading of the business will allow Worldline to shift the focus back on its core payment activities, and it comes shortly after the agreement to divest its Mobility & e-Transactional Services in July, and its North American operations in October, followed by its electronic data management business in November.
The four divestments will lead to a combined cash proceeds of around €510-560 million. More importantly, it will simplify operations for the firm and optimise its resource allocation, thus enabling increased management focus on its core activities, as mentioned. And, of course, the proceeds will come in handy when it comes to strengthening Worldline’s financial profile, and enhancing strategic flexibility in the medium term.
