FLEETCOR Technologies completed the acquisition of Associated Foreign Exchange.

FLEETCOR Technologies, a global business payments company, completed the acquisition of Associated Foreign Exchange, a cross-border payment solutions provider. Financial terms were not disclosed. “With the combination of AFEX and our current cross-border business, we expect the enhanced scale and breadth to accelerate revenue growth in our corporate payments business. The complementary geographic nature of the customer bases provides an immediate boost to our business, and this year, we anticipate the acquisition will be accretive to 2021 adjusted EPS, as we execute our integration plan,” Ron Clarke, FLEETCOR Chairman and CEO.