Wright Express Corporation (WXS) takes 51% Stake in UNIK S.A

August 30, 2012 4:23 PM EDT
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Wright Express Corporation (NYSE: WXS) announced today that it has expanded its global presence by acquiring a 51% interest in UNIK S.A., a privately-held provider of payroll cards in Brazil for approximately R$44.7 million (approximately US$21.9 million). The agreement also includes the potential to acquire the remaining shares over a three-year period. The investment is expected to be accretive to adjusted net income starting in the first twelve months.

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