The Car and Truck Fleet and Leasing Management Magazine

Wright Express to Acquire New Zealand-Based Financial Automation Limited

August 01, 2008

SOUTH PORTLAND, ME – Wright Express, a provider of payment processing and information management services, has entered into a definitive agreement to acquire the assets of Financial Automation Limited (FAL), a New Zealand-based provider of fuel card processing software solutions, for approximately US $9 million. The transaction is expected to close in the third quarter of 2008, according to

"We look forward to leveraging FAL's innovative technology as we work to understand and meet the international fleet card needs of oil companies around the globe," said Michael Dubyak, chairman, chief executive officer and president of Wright Express. "As a pioneer in the North American fleet card industry, Wright Express will continue to focus on doing what it does best: meeting the complex requirements of its customers, wherever they are located. Acquiring FAL will accelerate our time-to-market as a provider of fleet card solutions in new geographic markets worldwide."

Wright Express also appointed Joe Czternastek as general manager of international operations. He has more than 25 years of executive experience in the European corporate card market and specifically in the fuel card markets.  

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

According to the U.S. Census Bureau’s 2002 Vehicle Inventory and Use survey, a “light” truck classification refers to a vehicle with an average weight of less than 10,000 pounds.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher