Edenred completed the acquisition of a 17% stake in UTA.

Edenred, a company that offers prepaid vouchers for products and services, completed the acquisition of a 17% stake in UTA, an issuer of multi-brand fuel cards and a provider of value-added services, such as toll settlement, maintenance and VAT recovery solutions. Financial terms were not disclosed. “This transaction represents the final stage in UTA’s gradual integration at Edenred. Over the past three years, we have made UTA the spearhead of our expansion in Fleet & Mobility Solutions in Europe, which is a major driver of the Group’s strategy for sustainable and profitable growth. We are proud of the progress we have made together since 2015, and excited about the prospects for future growth," Antoine Dumurgier, Edenred COO.