This acquisition will bring tremendous benefits to
“At GPS our clients are at the heart of everything we do. With Corpay's resources and our team's expertise, we are poised to provide even greater value and drive transformative outcomes in the financial markets. The combined capabilities of our two companies will significantly benefit our clients and our employees,” says
By combining the strengths of
“GPS is our third largest deal ever. We're quite excited about GPS's assets including a bluechip roster of clients, a team of terrific FX specialists, and a market-leading FX netting technology,” said
The transaction is expected to close in early 2025 subject to obtaining required regulatory approvals and other customary closing conditions.
For more details on the
ABOUT CORPAY:
About Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (e.g. fueling and parking), travel expenses (e.g. hotel bookings) and accounts payable (e.g. paying vendors). This results in customers saving time and ultimately spending less. To learn more visit www.corpay.com.
ABOUT GPS CAPITAL MARKETS, LLC:
Headquartered in
Press contact:
801-979-6114
lwing@gpsfx.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ca9bb9a-52c4-4cc3-9630-a62ba49a2cac
![](https://ml.globenewswire.com/media/NDVkNWNmZTItMTJkYy00MWI0LWE5NGYtODA5ODEzZjEwMGNiLTExMDE0NDI=/tiny/GPS-Capital-Markets.png)
GPS Capital Markets and Corpay
![](https://ml.globenewswire.com/media/4ca9bb9a-52c4-4cc3-9630-a62ba49a2cac/medium/gps-capital-markets-and-corpay.png)
Acquisition between Corporate FX and Global Corporate Payment Leaders
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