Wright Express Completes Acquisition of Financial Automation Limited
SOUTH PORTLAND, ME – Wright Express Corporation has completed the previously announced acquisition of Financial Automation Limited (FAL), a New Zealand-based international provider of fuel card processing software solutions. With a total value of approximately US$9 million, the transaction was financed through the company's existing credit facility. With the closing of the transaction, Wright Express will launch its new Wright Express international division, which will be powered by FAL.
Wright Express also announced that Joe Czternastek has been appointed as the company's general manager of international operations. Czternastek has more than 25 years of senior management and consulting experience in the European corporate and consumer card markets, and specifically working with oil companies and service providers in the fuel card market.