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Announced

Completed

FLEETCOR completed the acquisition of Plugsurfing and Zap Map.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Software

Private

Majority

Friendly

Cross Border

Acquisition

Single Bidder

software

Germany

United Kingdom

Synopsis

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FLEETCOR, a business payments company, completed the acquisition of Plugsurfing, an electric vehicle software, and Zap Map, an EV search and pay mapping service. Financial terms were not disclosed. “The acquisition demonstrates FLEETCOR's commitment to developing world-class EV solutions for our thousands of commercial fleet customers, including access to European EV roaming capabilities and software applications for drivers and fleet managers. In addition, Plugsurfing allows us to pursue new customer segments by serving CPOs with software to manage their charging infrastructure and providing OEMs with a white-label EV solution. We’re excited to have Plugsurfing join the FLEETCOR family," Tom Rowlands, FLEETCOR Global Managing Director.

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