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WEX Signs Definitive Agreement to Acquire eNett and Optal

Friday, February 21, 2020   (0 Comments)
Posted by: Heather Miller

WEX announces that it has entered into a definitive agreement to purchase eNett, a leading provider of B2B payments solutions to the travel industry and Optal, a company that specializes in optimizing B2B transactions. The two companies, which are already highly integrated companies, will be fully integrated under WEX’s ownership.

This acquisition will accelerate WEX’s global growth strategy, anticipating the combined business will grow revenue at the long-term segment targets of 10% to 15% communicated at our investor day.

Members, read more details of this acquisition here.

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