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BP Extends FleetCor’s Fuel Card Contract in North America
FleetCor Establishes Strategic Partnership with Petrol Plus Region
CITGO Awards FleetCor New Processing and Management Contract
Master Card Easy Savings offers Small Business Automatic Savings
FleetCor Acquires ICP Smart Concepts fleet card company
FleetCor Appoints New General Counsel
 
     
 

FleetCor Strengthens Its Global Capabilities by Acquiring ICP Smart Concepts fleet card company

Atlanta, Georgia – April 28, 2008 – FleetCor, the Global Fleet Card Company, announced today that it has signed definitive agreements to acquire the fleet card company of ICP Smart Concepts, a leading provider of commercial fuel card processing services to major oil clients in Europe, Asia and Africa.

Commenting on the transaction, Andrew Blazye, CEO of FleetCor Europe, said "We are delighted to expand our capabilities by acquiring ICP Smart Concepts’ fuel card company. Its cutting-edge commercial fuel card processing technology and successful track record complement FleetCor’s ambition to be the preferred partner of major oil companies worldwide.”

Johan Vaatstra, Managing Director and founder of ICP Smart Concepts, will assist in the transition and stay actively involved with the business going forward. “FleetCor is the global leader in fuel cards - I am excited to be joining efforts with them,” said Johan. “I have no doubt that our existing and future clients will benefit greatly from the combination.” Existing clients include Chevron, Delek, and Q8.

"With the acquisition of ICP Smart Concepts fleet card business, we continue to build and strengthen our global footprint," adds Ron Clarke, FleetCor's Chairman and CEO. “We welcome Johan and his talented team to the FleetCor family of companies.”

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 Fuelcard 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.

About ICP Smart Concepts

ICP Smart Concepts (www.icp-companies.nl), is one of the world’s leading providers of fuel card, loyalty management, and service solutions to major petroleum companies since 1996.

For further information please contact:

Emily Ward, DDB Public Relations
+1-416-963-4295, emily.ward@can.ddbpr.com

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