Edenred: acquisition from AirPlus
(CercleFinance.com) - Edenred has announced that its subsidiary UTA has signed an agreement for the acquisition of the Road Account customer portfolio from AirPlus, a Lufthansa subsidiary that distributes toll payment solutions to companies under this brand.
"The acquisition will enable UTA to expand its client base on the buoyant European toll market and creates new outlets for additional services," said the pre-paid services group.
The deal's closing, which is subject to approval from the German and Austrian competition authorities and Lufthansa's Board of Directors, is expected by the end of December. It will have an immediate accretive impact on net income, group share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"The acquisition will enable UTA to expand its client base on the buoyant European toll market and creates new outlets for additional services," said the pre-paid services group.
The deal's closing, which is subject to approval from the German and Austrian competition authorities and Lufthansa's Board of Directors, is expected by the end of December. It will have an immediate accretive impact on net income, group share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.