Edenred to acquire a majority stake in PagBem Brazilian freight payment assets.

Edenred, a company that offers prepaid vouchers for products and services, agreed to acquire a majority stake in PagBem Brazilian freight payment assets. Financial terms were not disclosed. “We are excited to announce Edenred Repom merger with PagBem and are looking forward to welcoming PagBem’s teams. This operation consolidates our position as a leader on the freight payment market in Brazil while further strengthening our Beyond Fuel offering. The combination of our activities opens new opportunities that we are determined to seize,” Diane Coliche, Edenred Chief Operating Officer.