Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Sun., Jul. 3, 4:29 PM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #26. WEX — ExxonMobil's European Commercial Fuel Card Program
Acquirer:
WEX (WEX)
Acquiree:
ExxonMobil's European Commercial Fuel Card Program (XOM)
Details:
WEX Inc. (NYSE:WEX), a leading provider of corporate payment solutions, today announced that it plans to acquire the assets of ExxonMobil's European commercial fuel card ("Esso Card") program through a majority owned joint venture, WEX Europe Services Limited. The anticipated transaction is subject to completion of the employee information and consultation processes, and obtaining of competition authority approvals, as appropriate. Upon completion of the employee information and consultation process, WEX expects to enter into a definitive purchase and sale agreement related to the proposed acquisition with ExxonMobil. In addition, both parties plan to enter into a long term supply agreement to serve the current and future Esso Card customers and to grow the business.
Wex is a financial technology service provider. Co. operates in three reportable segments: Fleet Solutions, which provides payment, transaction processing and information management services specifically designed for the needs of commercial and government fleets; Travel and Corporate Solutions, which focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their payment and transaction monitoring needs; and Health and Employee Benefit Solutions, which provides a software-as-a-service platform for consumer directed healthcare payments.
WEX SEC Filing Email Alerts Service
Open the WEX Page at The Online Investor »
Wex is a financial technology service provider. Co. operates in three reportable segments: Fleet Solutions, which provides payment, transaction processing and information management services specifically designed for the needs of commercial and government fleets; Travel and Corporate Solutions, which focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their payment and transaction monitoring needs; and Health and Employee Benefit Solutions, which provides a software-as-a-service platform for consumer directed healthcare payments.
WEX SEC Filing Email Alerts Service
Open the XOM Page at The Online Investor »
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