With the talks which began on Oct. 26 finalized, WEX has acquired Payzer for $250 million, with an additional $11 million contingent consideration based on performance metrics and adjustments.
This partnership allows Merchants to deploy advanced fuel card technology solutions to fleet clients nationwide.
The acquisition broadens WEX’s footprint with small business customers that typically fuel at the same stations near their home base.
WEX’s second annual ESG report is organized around its efforts in four pillars: people and culture, environmental innovation, environmental stewardship, and social impact.
The partnership will allow WEX customers to purchase auto parts for class 1-5 vehicles from AutoZone at discounted rates.
Through this collaboration, Element clients with have access to ChargePoint’s EV charging network and a consolidated billing system for charging and fueling across client fleets.
The new end-to-end charging solution will allow fleet managers to reduce their carbon footprint while meeting their reporting and cost management needs.
Predicting upcoming weather, mapping inaccessible routes, and accessing emergency communications channels are ways that fleet companies help their clients successfully manage hurricanes.
The state of California has signed a multi-year agreement with WEX for state-wide fleet cards, supporting eligible agencies and users in their fuel and fleet-related purchases.
WEX's new CrossRoads Freight card is geared toward the needs of mixed fleets, allowing drivers to fuel up at 16,000 truck stops in network.
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