Corpay Announces Agreement to Sell Non-Core Vehicle Payments Business
Corpay has signed a definitive agreement to sell its UK-based fleet software business, comprising epyx, r2c Online, and Business Gateway, to OEConnection (OEC). The divestiture is expected to be neutral to the company's 2026 Cash EPS outlook, with Corpay planning to utilize the net proceeds for share repurchases.
Key figures
- Guidance
- neutral to Corpay’s 2026 Cash EPS outlook
AI analysis
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