Corpay, Inc. (NYSE: CPAY), a global company for corporate payment S&P 500, has completed the acquisition of GPS Capital Markets, LLC, a supplier of corporate cross-border solutions to companies in the upper intermediate market, mainly in the United States
“We are delighted to officially welcome GPS to the Corpay family. With the addition of Paymerang and now GPS, we expect our business payment company to exceed $ 1.5 billion in 2025. Our integration planning is in progress, and we expect ourselves to a contribution of significant profits next year of the two acquisitions, ” said Ron Clarke, Chairman and Chief Executive Officer, Corpay, Inc.
In total, the two corporate payment transactions concluded this year will contribute more than $ 200 million in revenues and approximately $ 0.50 of BPA accretion in cash in 2025.
Corpay has also announced the completion of the sale of POS Mercdata solutions, a hardware and software solution for truck merchants, to a background company PDI technologies. The transaction is the result of last year’s strategic examination to simplify the company and focus on our main activity.