WEX Signs Definitive Agreement to Acquire Payzer

October 27, 2023

WEX (NYSE: WEX) signed a definitive agreement to acquire Payzer, a cloud-based field service management software provider, for total consideration of approximately $250 million plus contingent consideration of up to $11 million. The deal is expected to close before the end of 2023, subject to customary closing conditions, and is intended to expand WEX’s product suite and cross-sell opportunities to its Mobility customers.

Buyers
WEX
Targets
Payzer
Industry
Cloud & SaaS
Location
North Carolina, United States
Transaction Type
Buyout

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