Fleetcor completed the acquisition of Global Reach Group.

Fleetcor, a global corporate payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes, completed the acquisition of Global Reach Group, a UK-based cross-border payments provider. Financial terms were not disclosed. “Since entering the cross-border payments space five years ago, we’ve built a market-leading cross-border payments business that will play an important role in our growth moving forward. The acquisition is expected to be immediately accretive in 2023,” Ron Clarke, FLEETCOR Technologies Chairman and CEO.