Business payments specialist Fleetcor Technologies has announced its acquisition of Roomex, an accommodation provider, for an undisclosed amount.
The acquisition is Fleetcor’s third in travel and transport this year, following its purchase in March of Levarti, a notification and re-accommodation system for delays and cancellations for air passengers.
Ireland-based Roomex, which specializes in corporate accommodation, will expand U.S.-based Fleetcor’s existing hotel booking business to Europe.
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Ron Clarke, chairman and chief executive of Fleetcor, says: “Roomex gives us a very similar workforce lodging business in Europe. It provides us 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.”
Garry Moroney, CEO of Roomex, adds that the acquisition will enable it to “expand its product offering and accelerate sales growth.”
The acquisition is expected to close in November.