FLEETCOR Technologies Inc., a global business payments company, has signed a definitive agreement to acquire Roomex, a European workforce lodging provider serving the U.K. and German markets.
The acquisition extends FLEETCOR’s U.S. workforce lodging business to Europe and provides a platform for further international expansion, according to the company. The transaction is expected to close in November.
Roomex, headquartered in Dublin, has 600 workforce business customers who have stayed in approximately 50,000 hotels. FLEETCOR’s existing lodging business books tens of millions of hotel room nights annually across a network of 45,000 hotel properties primarily in the U.S.
“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,” said Ron Clarke, chairman/CEO, FLEETCOR Technologies Inc.
Garry Moroney, CEO, Roomex, added, “We are thrilled to join the FLEETCOR team. FLEETCOR’s distribution scale, payment solutions and client relationships will enable Roomex to expand its product offering and accelerate our sales growth.”