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INGENICO: INGENICO: disposal of Sagem Denmark and Manison Finland

^{Published on 2009-06-11 23:02:42, Last Modified on 2009-06-11 23:03:37 - Market Wire}
 

NEUILLY SUR SEINE, FRANCE--(Marketwire - June 12, 2009) - Ingenico announces the disposal of SAGEM DENMARK and MANISON FINLAND

Ingenico announces today the disposal of Sagem Denmark and Manison Finland to BBS, a leading provider of electronic ID, payment and information solutions in the Nordics. The disposal is combined with the signature of a strategic partnership with BBS for the distribution of Ingenico's Telium based terminals in this region.

Following the transaction that will be in cash, BBS will hold 100% of these two entities which contributed, in 2008, in revenue of EUR 39.1 million and operating margin of EUR 4.6 million. The closing of the transaction should take place in the next 60days.

Philippe Lazare, Ingenico Chief Executive Officer, commented: "The disposal of these two companies acquired as part of the transaction of Sagem Monetel is an opportunity to withdraw from non strategic activities but also to reinforce our commercial position in Nordic countries thanks to BBS leadership in this region. This disposal also very substantially strengthens our liquidity position and thus, our strategic flexibility."

Ola Forberg, BBS Chief Executive Officer, added: "Ingenico has been a strategic partner within the area of payment terminals for several years. This acquisition is important for us to achieve our ambition of becoming the leading provider of merchant solutions in the Nordics. With this acquisition we have strengthened our co-operation with the world's leading provider of payment solutions."

About Ingenico (ING)

Throughout the world, banks and retailers rely on Ingenico for secure and expedient electronic transaction acceptance. Ingenico solutions leverage proven technology, established standards and unparalleled ergonomics to provide optimal reliability, versatility and usability. This comprehensive range of products is complemented by a global array of services and partnerships, enabling businesses in a number of vertical sectors to accept transactions anywhere their business takes them. For more information about Ingenico, please visit: [ www.ingenico.com ].

ISIN code Bloomberg Reuters

FR0000125346 ING FP ING.PA

About BBS

Owned by Nordic banks, BBS is a leading provider of electronic security, payment and information services. Established in 1972, BBS has successfully delivered multitudes of efficient payment services of national critical importance to Norway. In 2008, BBS had a turnover of 1.7 billion NOK (1 NOK < > = 0.1131 EUR ). Headquartered in Oslo, Norway, BBS has more than 830 employees in offices in Norway, Sweden and Denmark.

INGENICO-Investors contact

Catherine Blanchet

Investor Relations Director

[ catherine.blanchet@ingenico.com ]

Tel :33. 1.46.25.82.20

INGENICO-Press contact

Max-Paul Sebag

CEO's Public Relations Director

Max‐[ paul.sebag@ingenico.com ]

Tel :33. 1. 41.44.68.56

BBS- Press contact

Stein-Arne Tjore

Senior Vice President Corporate Communications

[ stj@bbs.no ]

Tel: 47.22.89.80.72

This information is provided by HUGIN