FleetCor Acquires Travelcard, a Universal Fuel Card Issuer in the Netherlands
NORCROSS, Ga.–(BUSINESS WIRE)–FleetCor Technologies, Inc. (NYSE:FLT), a global provider of fuel cards
and workforce payment products to businesses, announced today that it
has acquired Travelcard Nederland B.V. (“Travelcard”), a leading
universal fuel card issuer in the Netherlands, from LeasePlan
Corporation N.V. (“LeasePlan”).
“We are excited to announce this transaction with LeasePlan, one of our
most important partners. They have built a terrific business in
Travelcard, and we welcome the Travelcard team to FleetCor. This
transaction supports our objective of establishing meaningful positions
in the largest Continental European countries. We look forward to
continuing Travelcard’s success and to marketing it more broadly to a
wider audience,” said Ron Clarke, chairman and chief executive officer
of FleetCor Technologies, Inc.
Travelcard, founded in 1986 by LeasePlan, issues fuel cards and provides
complementary services to its customers to pay for other
mobility-related services. Travelcard’s industry-leading products serve
the needs of fleet operators and a variety of other businesses in the
Netherlands, including some of the country’s largest leasing companies.
The company operates its proprietary universal network throughout the
Netherlands at nearly all fueling stations as well as significant
portions of Belgium and Luxembourg. Travelcard has close to 300 thousand
active fuel cards in the market.
The terms of the acquisition were not disclosed.
About FleetCor
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor’s payment programs enable
businesses to better control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, South America, Europe, and Australia/New
Zealand. For more information, please visit www.FLEETCOR.com.
Contacts
Investor Relations
investor@fleetcor.com
770-729-2017
