TIDMWPS

RNS Number : 9102Q

Eurowag

01 July 2022

1 Jul 2022

EUROWAG

Eurowag completes the acquisition of substantially all of the assets of WebEye

Further to the announcement on 16 May 2022, W.A.G payment solutions plc ("Eurowag", or the "Group") a leading pan-European integrated payments & mobility platform focused on the Commercial Road Transportation industry ("CRT"), is pleased to confirm today that it has completed the acquisition of substantially all of the assets of WebEye Telematics Zrt. ("WebEye", or the "Seller"), a leading Fleet Management Solution provider in Central and Eastern Europe, from the Seller.

WebEye has an established presence in Europe with a total portfolio of more than 58,000 connected trucks. It generated revenues of EUR 16.4 million and normalised adjusted EBITDA of EUR 5.6 million in the year ended 31 December 2021, based on unaudited consolidated management accounts prepared under Hungarian GAAP. WebEye is led by Pál Németh, who has been instrumental in the growth of the company, and will continue to manage the acquired business and oversee its integration into Eurowag.

Martin Vohánka, CEO and Founder of Eurowag, said:

"I am pleased we have completed this transaction, which expands the Group's customer base, and provides WebEye's customers with access to Eurowag's unrivalled range of integrated end-to-end payment and mobility solutions. Data from a greater number of connected trucks will help us provide more accurate insights and enable the continual development of new and improved solutions to address customers' needs. I appreciate the team's hard work to deliver our first acquisition as a public company and look forward to working with Pál and the rest of the WebEye team going forward."

ENQUIRIES

Eurowag

Tomáš Novotný (Head of Investor Relations)

investors@eurowag.com

Michal Malysa (Head of Group Communications)

michal.malysa@eurowag.com

+420 775 70 80 86

About Eurowag

Eurowag was founded in 1995 and is a leading pan-European integrated payments & mobility platform focused on the commercial road transportation industry. It makes life simpler for commercial drivers and operators across Europe through its unique combination of payments solutions, seamless technology, a data-driven digital eco-system and high-quality customer service. www.eurowag.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQFZGFVVGZGZZM

(END) Dow Jones Newswires

July 01, 2022 02:00 ET (06:00 GMT)

W.a.g Payment Solutions (LSE:WPS)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024 Plus de graphiques de la Bourse W.a.g Payment Solutions
W.a.g Payment Solutions (LSE:WPS)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024 Plus de graphiques de la Bourse W.a.g Payment Solutions