ATLANTA--(BUSINESS WIRE)--May. 11, 2012--
FleetCor Technologies, Inc. (NYSE: FLT), a global leader in providing
fuel card and workforce payment products to businesses, today announced
that its acquisition of Allstar Business Solutions in the U.K. has been
cleared by the Office of Fair Trading (“OFT”).
“We are pleased that the OFT has cleared this acquisition which will now
allow FleetCor to begin actively managing the business. We believe that
Allstar has significant growth potential which will be enhanced further
as part of FleetCor,” said Ron Clarke, chairman and chief executive
officer, FleetCor Technologies, Inc.
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor’s payment programs enable
businesses to better 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, and Europe. For more
information, please visit www.fleetcor.com.
This press release contains forward-looking statements within the
meaning of the federal securities laws. Some of these statements include
those regarding FleetCor management’s expectations about Allstar, its
plans or prospects. Statements that are not historical facts, including
statements about FleetCor's beliefs, expectations and future
performance, are forward-looking statements. There are a number of
important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including failure to attain anticipated growth and operating results
from Allstar. FleetCor undertakes no obligation to update forward
looking statements to reflect changed assumptions, the occurrence of
unanticipated events, or changes in future operating results, financial
condition or business over time. Readers are further advised to review
the “Risk Factors” set forth in FleetCor’s Annual Report on Form 10-K,
which further detail and supplement the factors described in this
Source: FleetCor Technologies, Inc.
FleetCor Technologies, Inc.