Core Acquisition - Incore Invest has signed an agreement to acquire CoreOrchestration, a Swedish software firm, from Worldline in a carve-out transaction, with the acquisition expected to close in Q1 2026 [1][3] Ownership and Strategy - Following the acquisition, Incore will have complete ownership of CoreOrchestration, focusing on product development and commercial activities [2][4] - The acquisition aligns with Worldline's strategy to concentrate on segments that create synergies within its strategic and risk frameworks [4][5] Product Overview - CoreOrchestration's PaymentIQ platform is a SaaS payment orchestration solution that connects merchants to over 260 payment service providers, facilitating easier market expansion [2][3] Financial Impact - The sale of PaymentIQ is expected to generate approximately €160 million ($186.28 million) in cash proceeds for Worldline at closing [3] - The deconsolidation of CoreOrchestration is projected to impact Worldline's 2026 financials, reducing revenue by about €50 million, adjusted EBITDA by €40 million, and free cash flow by €30 million on a full-year basis [6] Future Plans - Incore Invest aims to enhance the speed and agility of CoreOrchestration as a standalone company, with a commitment to support its growth [5]