The $5.10 billionWorldline SA, which is the payments arm of French information technology (IT) services company Atos, has entered into an agreement to acquire point-of-sale (PoS) technology solutions provider MRL Posnet of Chennai in an all- cash transaction. The transaction, estimated at 89 million Euros ($105 million), will add to Worldline's margins immediately. The deal, financed through internal accruals, is expected to close before the end of Oct 2017. It is made with an eye on Worldline deepening its footprints and acquiring a strong customer base of banking institutions, particularly in south India.
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