Cambridge, founded in 1992, processes over USD 20 billion in B2B cross-border payments annually. Its proprietary technology serves the needs of SMB and mid-cap businesses.
The transaction price is approximately USD 675 million, which will be financed using a combination of existing cash and borrowings under FLEETCOR’s existing credit facility. The transaction is expected to close in the third quarter of 2017, subject to regulatory approval and the satisfaction of customary closing conditions.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now