TMCnet News

WEX Inc. Acquires Remaining Stake in UNIK S.A.
[September 01, 2015]

WEX Inc. Acquires Remaining Stake in UNIK S.A.


WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced it has acquired the remaining 49% stake in UNIK S.A. ("UNIK"). Following WEX's initial investment in 2012, WEX has now consummated the purchase of the remaining interest in UNIK.

UNIK is a leading provider of salary payment and freight cards in Brazil. UNIK's cards are accepted at over 1.8 million commercial establishments in Brazil.

About WEX Inc.

WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel rovider of corporate payment solutions representing 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries employ more than 2,000 associates. The Company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol "WEX." For more information, visit www.wexinc.com and follow WEX on Twitter (News - Alert) at @WEXIncNews.





[ Back To TMCnet.com's Homepage ]