FleetCor (FLT) Buys NovoPayment Mexican Assets

FleetCor Technologies, Inc. (NYSE: FLT) signed definitive agreements to acquire the Mexican assets of NovoPayment’s subsidiaries Tebca and Servitebca. With this acquisition, FleetCor will increase the size of its fuel and food card client portfolios in Mexico.

Terms of the transaction were not disclosed, and the strategic acquisition will not have a material impact on FleetCor’s financial results.

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