M&A News

Newly listed lottery and gaming operator FDJ has acquired French payment solutions provider Bimedia for a total enterprise value of less than €50m.

FDJ has agreed a deal with European private equity firm Idinvest Partners to acquire Bimedia, a software publisher specialising in point-of-sale collection and payment solutions.

Bimedia was founded in 2002 and currently operates across more than 6,400 points of sale in France, 90 per cent of which are tobacconists and newsagents.

FDJ said that the acquisition would accelerate the development of its Payment and Services division, in line with its 2025 strategic plan.

The deal also confirms FDJ’s commitment to support the development and modernisation of its retail distribution network, the company said.

Completion of the acquisition is subject to regulatory approval from the French Competition Authority.

Shares in La Française des Jeux (PAR:FDJ) were trading up 0.41 per cent at €21.97 per share in Paris Wednesday morning.