FLEETCOR® to Acquire European Workforce Lodging Business
10/20/2022 - 04:15 PM
Deal Extends Workforce Lodging Business to International Markets
ATLANTA --(BUSINESS WIRE)--
FLEETCOR Technologies, Inc. UK and German markets. The acquisition extends FLEETCOR's U.S. workforce lodging business to Europe and provides a platform for further international expansion. The transaction is expected to close in November.
Roomex, headquartered in Dublin, Ireland , has 600 workforce business customers who have stayed in approximately 50,000 hotels.
FLEETCOR’s existing lodging business books tens of millions of hotel room nights annually across a network of 45,000 hotel properties primarily in the U.S. The lodging solutions provide customers with savings, specialized controls and consolidated invoices.
“Roomex gives us a very similar workforce lodging business in Europe . It provides us a base of operations, expertise and a hotel network from which we can build out the lodging business across Europe while leveraging the significant client base we already have there,” said Ron Clarke , chairman and chief executive officer, FLEETCOR Technologies, Inc.
“We are thrilled to join the FLEETCOR team. FLEETCOR’s distribution scale, payment solutions and client relationships will enable Roomex to expand its product offering and accelerate our sales growth,” said Garry Moroney , CEO of Roomex.
About FLEETCOR ®
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes. The FLEETCOR portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 100 countries in North America , Latin America , Europe , and Asia Pacific . For more information, please visit www.FLEETCOR.com .
About ROOMEX
Roomex is the all-in-one travel and expenses platform built for businesses with a mobile workforce. Roomex helps you book, manage, pay and analyze all of your accommodation, rail and expenses in one place - saving both time and money. Headquartered in Dublin, Ireland with offices in London , and Munich , Roomex is on a mission to make workforce travel and spend management as seamless and cost-effective as possible. Learn more at www.roomex.com.
View source version on businesswire.com : https://www.businesswire.com/news/home/20221020006001/en/
Investor Relations
Jim Eglseder , 770-417-4697
Jim.Eglseder@fleetcor.com
Media Relations
Chad Corley , 770-729-5021
Chad.corley@fleetcor.com
Source: FLEETCOR Technologies, Inc.
Fleetcor Technologies Inc
FLT Rankings
#942 Ranked by Stock Gains
FLT Stock Data
Industry
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Sector
Finance and Insurance
Tags
Commercial Services, Miscellaneous Commercial Services, Information, Data Processing, Hosting, and Related Services
Country
US
City
Atlanta
About FLT
fleetcor is a leading global provider of fuel cards and specialized payment products to businesses. fleetcor's payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. fleetcor serves over 500,000 commercial accounts with millions of cardholders across the united states, canada, mexico, europe, africa and asia. for more information, please visit www.fleetcor.com. we have developed an extremely successful company based on our core principles; determination, drive, outstanding value, industry leading products, and quality people. as a result fleetcor has grown more than 40% over the last 10 years and is the world's largest provider of commercial fleet card programs. through our organic growth initiatives, strategic acquisitions, and solid business acumen, that growth will continue. to maintain our top position in the industry, it is vital to continual
