FleetCor Agrees To Acquire Cambridge Global Payments For $675 Million

5/3/17

Quick Take

Fleet payment solutions company FleetCor Technologies (FLT) has announced its intention to acquire B2B international payments company Cambridge Global Payments for $675 million.

Cambridge provides international accounts payable payment processing to SMB and middle-market enterprises.

The acquisition promises to give FleetCor a complementary, international component to its domestic payment processing system, resulting in a more comprehensive offering to businesses.

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