FleetCor acquires epyx in move to expand into fleet maintenance
Epyx specialises in IT solutions for the automotive sector, with its best-known products being the 1link e-commerce platforms, which cover functions including vehicle procurement, maintenance, hire, disposals and relicensing.
The acquisition follows FleetCor’s purchase of the AllStar fuel card from Arval at the end of 2011, which was undertaken to provide FleetCor with a strong presence in the UK market.
‘We’ve been looking for ideas to extend beyond fleet fuelling, to fleet maintenance, and epyx has done that. They’ve developed a highly specialised system that helps their fleet customers better manage their overall maintenance life cycle and costs. We like the potential to bring this solution to a lot more clients,’ said Ron Clarke, chairman and chief executive officer, FleetCor Technologies Inc.
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