FleetCor Announces Acquisition of GE Capital's Fuel Card Business in Australia

FleetCor Technologies, Inc.

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