en.Wedoany.com Reported - On June 1, French consulting and technology group Magellan completed the acquisition of Worldline's Mobility & e-Transactional Services business unit, thereby expanding its presence in European markets including Germany and the United Kingdom. Following the transaction, Magellan will establish six operational sites in Germany, with expected German business revenue of approximately €50 million in 2026.
The core asset of this deal, MeTS, originally belonged to French payment services company Worldline. It primarily serves sectors such as healthcare, public administration, transportation, banking and insurance, retail, industry, and energy, providing business systems for secure digital applications, electronic ticketing, mobility, customer interaction, identity trust, the Internet of Things, and dedicated card management. According to a Worldline announcement, the enterprise value of the transaction is €400 million, with net cash proceeds of approximately €280 million. Worldline will continue to provide certain technical and software services to Magellan during a transition period to ensure business continuity. For Worldline, the sale of MeTS is part of its "North Star 2030" strategy to focus on its core European payment business. For Magellan, acquiring MeTS shifts the company from traditional consulting and system integration into the more intensive field of critical digital platform operations.
The German market is the most immediate new territory following this acquisition. Magellan already had a site in Munich, Germany. With the acquisition of MeTS, it adds five former MeTS sites in Aachen, Böblingen, Konstanz, Ratingen, and Flintbek near Kiel. The business covers German electronic prescriptions, electronic patient records, health cards, public transport ticketing systems, the Deutschlandticket, fleet and fuel card systems, as well as digital services related to electric vehicle charging infrastructure. Most of these systems operate behind the scenes of everyday user services, demanding high levels of availability, security, compliance, and long-term operational maintenance. This gives Magellan not just new sales offices in Germany, but a foundation for localized delivery and operations.
Following the acquisition, Magellan's overall scale has significantly expanded. Previously disclosed information shows that in 2024, MeTS had approximately 3,800 employees and revenue of €450 million, with operations primarily in France, the United Kingdom, Spain, Germany, Austria, Belgium, and India. After integrating the relevant businesses, Magellan's group employee count will reach approximately 6,700, and it plans to achieve revenue of around €900 million in 2026, with about a quarter coming from markets outside France. The company intends to integrate MeTS's businesses and various group companies under the unified Magellan brand, forming a European digital services platform covering consulting, technology platform implementation, customized critical applications, sovereign cloud, and 7×24 operational services.
This type of acquisition also reflects changes in the European enterprise digital services market. The demand from large clients and public institutions for consulting firms, system integrators, software products, and operational services is converging. Simply providing strategic plans or project delivery is no longer sufficient to support the long-term operation of critical business systems. By entering highly sensitive scenarios in Germany's healthcare, transportation, industry, and energy sectors through MeTS, Magellan is effectively filling a continuous capability chain from strategic consulting to platform construction, and from software assets to managed operations. As demand increases for artificial intelligence, sovereign cloud, data compliance, and critical infrastructure digitization, European local service providers will place greater emphasis on security and controllability, local delivery, and cross-border operational networks.
Subsequent integration priorities will focus on brand consolidation, customer migration, product portfolio restructuring, and expansion in the German market. Germany has strong demand for healthcare digitization, public transport electronic ticketing, the energy transition, and IT upgrades for industrial enterprises. However, this market has high requirements for data protection, system stability, and local service responsiveness. Whether Magellan can effectively combine French consulting capabilities, MeTS's critical platform assets, and the local German team will determine whether its €50 million German revenue target can be further expanded, and will also influence its competitive position in the European consulting and technical services market.
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