London, U.K. – April 2, 2008 –
FleetCor, the Global Fleet Card Company, announced today that its U.K. division, The Fuelcard Company U.K.,
has acquired Abbey Fuelcards. This purchase marks the third acquisition for FleetCor Europe in 2008.
“We are thrilled to make this announcement as it shows FleetCor’s continued investment to bring its significant
financial resources and leading customer management techniques to clients in the U.K. and continental Europe,”
says Andrew Blazye, CEO of FleetCor Europe. “This acquisition will allow us to build on the expertise and service
innovation Abbey Fuelcards have cultivated over 18 years by offering FleetCor’s global products and account
management systems.”
Since its inception in 1990, Abbey Fuelcards has grown to become one of the leading fuel card resellers in the U.K.
enjoying partnerships with major U.K. oil companies. Known for its constant market innovation and web based interactive
engagement tools, Abbey Fuelcards has prevailed by developing specific fuel card programs to individual and niche market
segments.
“As FleetCor builds its European footprint we are constantly on the lookout for companies who can expand our knowledge
and customer offerings,” says Charles Freund, Managing Director of The Fuelcard Company U.K. “We look forward to learning
from Abbey Fuelcards’ proficiencies with online marketing and to further advancing the U.K. fuel card business for it
current and future customers.”
"FleetCor is the worldwide leader in fuel cards, and is a great long-term home for our business," said Bob Sturgess,
Founder and Managing Director of Abbey Fuelcards. "We look forward to working with FleetCor and to having Abbey Fuelcards’
customers benefit from the company’s years of experience in the fuel card industry.”
“Abbey Fuelcards is an excellent fit for FleetCor,” says Ron Clarke, Chairman & Chief Executive Officer, FleetCor. “With
these tactical acquisitions, we are continuing the business strategy we embarked on in 2006 of building FleetCor by
expanding the application of our fleet card expertise into international markets. This strategy has contributed to our
company posting compound annual growth rates greater than 50% since 2000. We are excited about additional opportunities
we see for growth in both Europe and other international markets.”
About The Fuelcard Company
The Fuelcard Company (www.fuelcards.co.uk)) is one of the largest commercial fuel
card resellers in the United Kingdom, enjoying partnerships with many commercial fueling networks including:
Shell, Esso, Texaco, Keyfuels, and Routemate. The company directly serves more than 5,000 business fleets.
In May 2007, The Fuelcard Company was acquired by a FleetCor affiliate, making it part of a global fleet card business.
About FleetCor
FleetCor (www.FleetCor.com), The Global Fleet Card Company, is the
worldwide leader in fuel card processing. FleetCor serves over 650,000 business fleets, and approximately 3.5
million active cardholders in the U.S.A., Canada, and Europe. FleetCor’s card programs are marketed under a
variety of brand names including: CCS, CFN, Keyfuels, Fuelman, The Fuel Card Company, and Mannatec. FleetCor
and its subsidiaries employ over 900 associates located in 26 offices globally. FleetCor is privately owned
by management, and a group of institutional private equity investors including Bain Capital, Summit Partners,
and Advent International.
For further information:
Emily Ward, DDB Public Relations
+1-416-963-4295, emily.ward@can.ddbpr.com
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