FLEETCOR has acquired Roomex, a European workforce lodging provider serving the UK and German markets. The acquisition extends FLEETCOR’s U.S. workforce lodging business to Europe and provides a platform for further international expansion. The transaction is expected to close in November.
The deal to bring Roomex into the FLEETCOR Group will fuel growth into new markets for Roomex, which currently operates in Ireland, the UK and Germany, alongside continued enhancement of its booking and payments software.
“Roomex gives us a very similar workforce lodging business in Europe. It provides us with a base of operations, expertise and a hotel network from which we can build out the lodging business across Europe while leveraging the significant client base we already have there,” said Ron Clarke, Chairman and Chief Executive Officer, FLEETCOR Technologies, Inc.
“We are thrilled to join the FLEETCOR team. FLEETCOR’s distribution scale, payment solutions and client relationships will enable Roomex to expand its product offering and accelerate our sales growth,” said Garry Moroney, CEO of Roomex.