Corpay Completes Cross-Border Payments Acquisition
Corpay (NYSE: CPAY) has completed two significant transactions: the acquisition of GPS Capital Markets, a B2B cross-border solutions provider, and the divestiture of Comdata Merchant POS Solutions to PDI Technologies. With the recent acquisitions of GPS and Paymerang, Corpay's Corporate Payments business is expected to exceed $1.5 billion in revenue in 2025. The two Corporate Payment deals will contribute over $200 million in revenue and approximately $0.50 of Cash EPS accretion in 2025. The company will provide detailed 2025 financial guidance during its Q4 earnings release in early February.
Corpay (NYSE: CPAY) ha completato due transazioni significative: l'acquisizione di GPS Capital Markets, un fornitore di soluzioni B2B per il commercio internazionale, e la cessione di Comdata Merchant POS Solutions a PDI Technologies. Con le recenti acquisizioni di GPS e Paymerang, si prevede che il business dei Pagamenti Aziendali di Corpay supererà $1.5 miliardi di fatturato nel 2025. Le due operazioni sui Pagamenti Aziendali contribuiranno per oltre $200 milioni di fatturato e circa $0.50 di incremento dei guadagni per azione in contante nel 2025. L'azienda fornirà indicazioni finanziarie dettagliate per il 2025 durante il rilascio dei risultati del quarto trimestre all'inizio di febbraio.
Corpay (NYSE: CPAY) ha completado dos transacciones significativas: la adquisición de GPS Capital Markets, un proveedor de soluciones B2B para transacciones internacionales, y la venta de Comdata Merchant POS Solutions a PDI Technologies. Con las recientes adquisiciones de GPS y Paymerang, se espera que el negocio de Pagos Corporativos de Corpay supere $1.5 mil millones en ingresos en 2025. Los dos acuerdos de Pago Corporativo contribuirán con más de $200 millones en ingresos y aproximadamente $0.50 de aumento en el EPS de efectivo en 2025. La compañía proporcionará orientación financiera detallada para 2025 durante la presentación de resultados del cuarto trimestre a principios de febrero.
Corpay (NYSE: CPAY)은 GPS Capital Markets, B2B 국경 간 솔루션 제공업체의 인수와 Comdata Merchant POS Solutions의 PDI Technologies에 대한 매각이라는 두 가지 주요 거래를 완료했습니다. GPS와 Paymerang의 최근 인수로 인해 Corpay의 기업 결제 사업은 2025년까지 15억 달러 이상의 수익을 초과할 것으로 예상됩니다. 두 기업 결제 거래는 2억 달러 이상의 수익과 약 2025년 현금 EPS 증가분 0.50달러에 기여할 것입니다. 회사는 2월 초에 있을 4분기 실적 발표에서 2025년의 재정 지침을 자세히 제시할 것입니다.
Corpay (NYSE: CPAY) a finalisé deux transactions importantes : l'acquisition de GPS Capital Markets, un fournisseur de solutions B2B pour le commerce transfrontalier, et la cession de Comdata Merchant POS Solutions à PDI Technologies. Avec les récentes acquisitions de GPS et Paymerang, on s'attend à ce que l'activité des Paiements d'Entreprise de Corpay dépasse 1,5 milliard de dollars de revenus en 2025. Les deux opérations de Paiement d'Entreprise contribueront à hauteur de plus de 200 millions de dollars de revenus et environ 0,50 $ d'accroissement du BPA en espèces en 2025. La société fournira des prévisions financières détaillées pour 2025 lors de la publication de ses résultats du quatrième trimestre début février.
Corpay (NYSE: CPAY) hat zwei bedeutende Transaktionen abgeschlossen: die Akquisition von GPS Capital Markets, einem Anbieter von B2B-Lösungen für grenzüberschreitende Geschäfte, und den Verkauf von Comdata Merchant POS Solutions an PDI Technologies. Mit den jüngsten Übernahmen von GPS und Paymerang wird erwartet, dass der Bereich Unternehmenszahlungen von Corpay im Jahr 2025 mehr als 1,5 Milliarden US-Dollar Umsatz übersteigt. Die beiden Unternehmenszahlungsgeschäfte werden über 200 Millionen US-Dollar Umsatz beitragen und etwa 0,50 US-Dollar an Cash EPS-Wachstum im Jahr 2025 bringen. Das Unternehmen wird während der Bekanntgabe der Ergebnisse des vierten Quartals Anfang Februar eine detaillierte Finanzprognose für 2025 bereitstellen.
- Expected revenue to exceed $1.5B in Corporate Payments by 2025
- Acquisitions to contribute $200M in revenue and $0.50 Cash EPS accretion in 2025
- Strategic simplification through divestiture of non-core business
- None.
Insights
The completion of these strategic moves marks a significant transformation for Corpay. The acquisition of GPS Capital Markets strengthens their cross-border payment capabilities and, combined with the Paymerang acquisition, is expected to generate
The divestiture of Comdata Merchant POS Solutions aligns with their strategic simplification efforts, streamlining operations to focus on core competencies. The timing of these transactions, coupled with the projected financial impact, positions Corpay for stronger profitability and market presence in the growing B2B payments space.
This strategic repositioning significantly enhances Corpay's competitive position in the lucrative B2B cross-border payments market. The GPS acquisition specifically targets the underserved upper middle market segment, providing a valuable customer base expansion opportunity. The consolidation of these acquisitions creates meaningful scale advantages, while the Comdata divestiture removes non-core operations that could have distracted from the main growth trajectory.
The projected financial metrics suggest strong synergy potential and efficient integration planning, which should translate to improved shareholder value. The focus on core payment solutions aligns with current market trends toward specialized, high-margin financial technology services.
Also Completes the Divestiture of Comdata Merchant POS Solutions
“We’re thrilled to officially welcome GPS to the Corpay family. With the addition of Paymerang and now GPS, we expect our Corporate Payments business to exceed
In total, the two Corporate Payment deals closed this year will contribute over
Corpay also announced the completion of the divestiture of Comdata Merchant POS Solutions, a point-of-sale hardware and software solution for truck stop merchants, to a private equity-backed company PDI Technologies. The transaction is a result of last year’s strategic review to simplify the company and focus on our core business.
The company will provide financial guidance for 2025 when it releases fourth quarter earnings in early February.
About Corpay
Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay expenses in a simple, controlled manner. Corpay’s suite of electronic payment solutions helps customers better manage vehicle-related expenses (e.g., fueling and parking), travel expenses (e.g., hotel bookings), and accounts payable (e.g., domestic and international payments). This results in our customers saving time and ultimately spending less. It pays to Corpay. To learn more visit www.corpay.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20241202489125/en/
Investor Relations
Jim Eglseder, 770-417-4697
Jim.Eglseder@corpay.com
Media Relations
Chad Corley, 770-729-5021
Chad.Corley@corpay.com
Source: Corpay, Inc.
FAQ
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