NORCROSS, Ga.--(BUSINESS WIRE)--Sep. 25, 2014--
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of
fuel cards and workforce payment products to businesses, announced today
the successful conversion of Shell’s SME Fuel Card Customer Portfolio in
Germany to its full outsourcing services.
Under the terms of the agreement, FleetCor is responsible for a full
outsourcing arrangement for Shell’s SME fuel card customers, including
sales and marketing to specific fleet segments and processing,
servicing, and billing the acquired customer base. FleetCor has the
exclusive rights to sell new fuel card accounts in specific fleet
segments in Germany, to further build the business.
“We’re excited to announce that we are officially live in Germany as the
outsource provider for Shell’s SME portfolio,” said Ron Clarke, FleetCor
Chairman and CEO. “We are thrilled to be entering the world’s fifth
largest fuel market, and look forward to working with Shell in
additional European markets.”
As previously disclosed, FleetCor signed a European framework agreement
which outlines a broader expansion plan covering the potential
acquisition of part of Shell’s fuel card portfolios in up to 12
additional markets in Europe.
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor's payment programs enable
businesses to better manage and control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, Latin America, Europe, Australia and New
Zealand. For more information, please visit www.fleetcor.com.
Source: FleetCor Technologies, Inc.