NORCROSS, Ga.--(BUSINESS WIRE)--May 19, 2015--
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of
fuel cards and workforce payment products to businesses, announced today
the successful conversion of Shell’s SME Fuel Card Customer Portfolio in
Belgium, France and the Netherlands to its full outsourcing program.
With the launch of Germany and Austria in 2014, FleetCor is now
providing full outsourcing services for Shell SME fuel card customers in
five countries in Europe.
Under the terms of the agreement, FleetCor is responsible for a full
outsourcing arrangement for Shell’s SME fuel card customers, including
sales and marketing to a specific fleet segment. The acquired customer
base will benefit from optimized online fleet management services,
including processing, servicing and more flexible billing models that
are better tailored to save time and money.
FleetCor also has the exclusive rights to sell new euroShell fuel card
accounts in the specific fleet segment in these five countries, to
further build the business.
“We’re excited to announce that we are now live and operating in five
European countries, and look forward to converting additional countries
in the second half of 2015,” said Ron Clarke, FleetCor Chairman and CEO.
As previously disclosed, FleetCor signed a European framework agreement
covering the potential acquisition of Shell’s SME fuel card portfolios
in up to 13 markets in Europe.
About FleetCor
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor's payment programs enable
businesses to better manage and control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, Latin America, Europe, Australia and New
Zealand. For more information, please visit www.fleetcor.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519005317/en/
Source: FleetCor Technologies, Inc.
FleetCor
Investor Relations
investor@fleetcor.com
770-729-2017