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Slide #6. FleetCor Technologies, Inc. — Shell's SME Fuel Card Customer Portfolio in Germany
FleetCor Technologies, Inc. (NYSE:FLT)
Shell's SME Fuel Card Customer Portfolio in Germany
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced today that it has signed definitive documents to acquire part of Shell's fuel card customer portfolio in Germany in order to provide more focused services to this segment of customers. The Company has also signed a European framework agreement which outlines a broader expansion plan covering the potential acquisition of part of Shell's fuel card portfolios in up to 12 additional markets in Europe.
FleetCor Technologies is a provider of digital payment solutions. Co.'s Corporate Payments solutions are designed to help businesses streamline the back-office operations associated with making outgoing payments. Co.'s processing and card management solutions provide customers with capabilities including: customizable user-level controls, detailed transaction reporting, and tax management and reporting. Co. provides gift card program management and processing services in various countries, in both plastic and digital form. Co. provides a Payroll Card solution in North America in the form of a reloadable stored value card, that can be used instead of a paper payroll check.
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Strong Buy (3.50 out of 4)