Payment systems provider WEX Inc (NYSE: WEX) said on Tuesday that it has completed its previously announced agreements to acquire eNett and Optal.
WEX paid approximately $577.5 million from cash in hand for eNett, a B2B payment solutions provider and Optal, a company specialising in B2B transactions.
The Portland-based company said that due to the acquisitions it is expanding its leadership team within its B2B payments-focuses travel and corporate solutions segment with former eNett CEO, Anthony Hynesbecoming president of the travel division.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
WEX and former shareholders of eNett and Optal have agreed on a final settlement of the litigation that was previously pending in English courts due to the purchase agreement.
The company’s shares rallied on the news and are currently trading 8.62% higher at $200.88 after Monday’s close at $184.93.
PEOPLE WHO READ THIS ALSO VIEWED:
