FLEETCOR Acquires Travelliance, a Leader in Airline Lodging Programs
October 02 2019 - 8:00AM
Business Wire
Extends Existing Lodging Business into New
Vertical
FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global
business payments company, today announced that it has acquired
Travelliance, a leader in airline lodging programs.
Travelliance has helped airlines manage their lodging needs for
over 30 years, serving distressed airline passengers, airline
crews, and airline employees. The addition of Travelliance, which
processes approximately 8 million room nights annually, will
significantly increase FLEETCOR’s room night volume as well as the
size of its hotel network. The acquisition also extends FLEETCOR’s
lodging solutions into new international markets.
“Travelliance’s solutions and hotel network offer an exciting
opportunity to grow our lodging business on a global scale,” said
Ron Clarke, Chairman and Chief Executive Officer of FLEETCOR.
“Their focus on the airline industry is a great complement to our
broader corporate travel emphasis.”
“We are thrilled to join the FLEETCOR team. With FLEETCOR's
scale and resources, Travelliance can provide the full extent of
services beyond our client's expectations,” said Ted Scislowski,
Chief Executive Officer of Travelliance. “As a technology leader in
the industry, we can now further our technology innovations in ways
previously unimaginable in the travel industry.”
Holland & Knight provided legal counsel to FLEETCOR. Gilbert
Law provided legal counsel to Travelliance.
About FLEETCOR
FLEETCOR Technologies (NYSE: FLT) is a leading global business
payments company that simplifies the way businesses manage and pay
their expenses. The FLEETCOR portfolio of brands help companies
automate, secure, digitize and control payments on behalf of their
employees and suppliers. FLEETCOR serves businesses, partners and
merchants in North America, Latin America, Europe, and Asia
Pacific. For more information, please visit www.FLEETCOR.com.
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Investor Relations Jim Eglseder, 770-417-4697
Jim.Eglseder@fleetcor.com
Media Relations press@fleetcor.com
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