FleetCor Technologies, Inc. FLT today announced that it
has acquired certain fuel card assets from GE Capital Australia's Custom
Fleet leasing business.
GE Capital's “Fleet Card” is a multi-branded fuel card product with
acceptance in over 6,000 fuel outlets and over 7,000 automotive service
and repair centres across Australia. Through this transaction, FleetCor
will acquire the Fleet Card product, brand, acceptance network
contracts, supplier contracts, and approximately one-third of the
customer relationships with regards to fuel cards. The remaining
customer relationships will be retained by Custom Fleet, and are
comprised of companies which have commercial relationships with Custom
See full press release
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