ATLANTA–(BUSINESS WIRE)–Aug. October 2022–
FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, announced today that it has signed a definitive agreement to acquire Roomex, a European provider of staff accommodation serving the UK and German markets. The acquisition expands FLEETCOR’s US staff accommodation business into Europe and provides a platform for further international expansion. The transaction is expected to close in November.
Roomex, headquartered in Dublin, Ireland, has 600 business customers who have stayed in approximately 50,000 hotels.
FLEETCOR’s existing lodging business accounts for tens of millions of hotel room nights annually across a network of 45,000 hotel properties, primarily in the United States. The accommodation solutions offer customers savings, specialized controls and consolidated bills.
“Roomex offers us a very similar workforce accommodation company in Europe. It provides us with an operating base, expertise and hotel network from which to grow the lodging business across Europe while leveraging the significant customer base we already have there,” said Ron Clarke, Chairman and CEO of FLEETCOR Technologies, Inc.
“We are thrilled to join the FLEETCOR team. FLEETCOR’s distribution scope, payment solutions and customer relationships will allow Roomex to expand its product offering and accelerate our revenue growth,” said Garry Moroney, CEO of Roomex.
FLEETCOR Technologies (NYSE: FLT) is a leading global corporate payments company that helps businesses reduce spending by providing innovative solutions that enable and control cost-related purchasing and payment processes. The FLEETCOR portfolio of brands automates, secures, digitizes and manages payment transactions on behalf of businesses in more than 100 countries in North America, Latin America, Europe and Asia Pacific. Visit www.FLEETCOR.com for more information.
Roomex is the all-in-one travel and expense platform built for businesses with a mobile workforce. Roomex helps you book, manage, pay and analyze all your accommodation, train and expenses in one place – saving time and money. Roomex is headquartered in Dublin, Ireland with offices in London and Munich. Roomex’s goal is to make employee travel and expense management as seamless and cost-effective as possible. Learn more at www.roomex.com.
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CONTACT: Investor Relations
Jim Eglseder, 770-417-4697
[email protected] Media Relations
Chad Corley, 770-729-5021
KEYWORD: NORTH AMERICA UNITED STATES IRELAND UNITED KINGDOM EUROPE GEORGIA
INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES TECHNOLOGY FINANCE SMALL BUSINESS BANKING ACCOMMODATION PROFESSIONAL SERVICES TRAVEL TRUCK TRANSPORTATION OTHER TECHNOLOGY PAYMENTS SOFTWARE NETWORKS MOBILE/WIRELESS
SOURCE: FLEETCOR Technologies, Inc.
Copyright Business Wire 2022.
PUBLICATION: 2022-10-20 4:15 PM / DISC: 2022-10-20 4:16 PM
Copyright Business Wire 2022.