Wright Express (WXS) agrees to acquire fueling company Fleet One from two PE firms for $369M in...

|By:, SA News Editor

Wright Express (WXS) agrees to acquire fueling company Fleet One from two PE firms for $369M in cash as the payment processing company seeks to expand its presence in the heavy truck market in North America. WXS expects the transaction to immediately boost its adjusted income, excluding one-time charges related to the acquisition.