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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