FLEETCOR Technologies, Inc., a leading global provider of fuel cards and workforce payment products, has announced the completion of its acquisition of Global Reach Group, a provider of international payment solutions. This acquisition will allow FLEETCOR to expand its presence in the global market and offer a wider range of payment solutions to its customers.
Global Reach Group, founded in 1995, is a leading provider of international payment solutions for businesses and governments. The company offers a range of products and services, including cross-border payments, currency exchange, and global payroll solutions.
“We are excited to welcome Global Reach Group to the FLEETCOR family. This acquisition will allow us to expand our presence in the global market and offer a wider range of payment solutions to our customers”, said Ron Clarke, CEO of FLEETCOR.
The acquisition of Global Reach Group will also enable FLEETCOR to enter new markets and strengthen its relationships with existing customers. “We see significant opportunities for growth and are confident that this acquisition will drive long-term value for our shareholders,” said Clarke.
FLEETCOR is known for its fuel cards and workforce payment products, which are used by businesses and governments around the world. The company’s products and services help customers manage and optimize their expenses, including fuel, tolls, and travel.
James Smith, CEO of Global Reach Group, said, “We are excited to join FLEETCOR and bring our expertise in international payment solutions to the table. We believe that this acquisition will benefit both companies and our customers, as we can now offer a more comprehensive range of payment solutions to businesses and governments around the world.”
The acquisition of Global Reach Group is a strategic move for FLEETCOR as it looks to expand its global presence and enhance its product offerings. The company is confident that the acquisition will drive long-term value for its shareholders and enable it to better serve its customers around the world.
