Shell completed the acquisition of fuel card business from Corsair-backed MSTS.

Shell, an oil and chemical group engaged in the exploration, production, transportation, refining, distribution and marketing of crude oil, gas, and petroleum products, completed the acquisition of fuel card business from Corsair-backed MSTS, a toll payment solutions provider. Financial terms were not disclosed. "Acquiring the Multi Service Fuel Card business provides Shell with the necessary technology, business infrastructure and talent to accelerate the growth of its global commercial cards business, Customer Value Propositions (CVPs) and services. We are confident that this strong IT platform and acceptance network will help us deliver a customer experience that will translate to additional growth for Shell's North America Commercial Road Transport businesses," Tim Murray, Shell Commercial Road Transport, Sectors & Decarbonization General Manager.