FleetCor (FLT) announces it's acquiring CTF Technologies, a provider of payment-processing...

|About: FleetCor Technologies, Inc. (FLT)|By:, SA News Editor

FleetCor (FLT) announces it's acquiring CTF Technologies, a provider of payment-processing services for Brazilian transportation and mining firms, for $180M. FleetCor touts CTF's leading market position, lack of credit risk, and strong relationships with Brazil's top gas station chains, as well as the potential to offer CTF's solution to non-Brazilian oil customers. (PR)