A sharp share price decline at Ingenico [EPA:ING] is likely to attract takeover interest from bidders such as Atos [EPA:ATO] and Wirecard [ETR:WD] as the payments market continues to consolidate, industry bankers said.
Ingenico is seen as vulnerable, said a first banker familiar with the industry. Strategic investors and funds are circling the asset, this banker said.
Everyone in the sector is talking to each other at the moment, a second banker familiar said. The industry is looking for consolidation, as industry participants recognise the need for a large and truly global platform to be competitive, this banker said.
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