Wright Express Corporation (NYSE: WXS), a leading provider of value-based, business payment processing and information management solutions, announced today the completion of its acquisition of Fleet One after receiving the required regulatory approval from all government authorities. Fleet One is now a wholly-owned subsidiary of Wright Express.
“Today marks day one for our combined company,” said Michael Dubyak, Wright Express’ chairman, president and chief executive officer. “Fleet One’s strong over-the-road business rounds out our product capabilities to better serve our mixed fleet and co-branded customers, and also accelerates acceptance in Canada. Their local fleet and private label business complements our core fleet business and further builds upon Wright Express’ Americas fleet business, a core tenet of our multi-pronged growth strategy. Fleet One is a great addition to Wright Express, and I’m excited by the new opportunities this acquisition affords our combined entities.”
Wright Express announced on September 5, 2012, that it is acquiring Fleet One in an all cash transaction.
Click here to read the entire Wright Express press release.
Wright Express solutions have been featured in a number of PayStream Advisor reports. To learn more about Wright Express and the company’s solution offerings, download a complimentary copy of the 2012 Electronic Supplier Payments report.