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Technology Stocks : FleetCor Technologies (FLT)
FLT 217.89+0.8%5:05 PM EDTNews

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From: JakeStraw3/15/2016 7:46:03 AM
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FleetCor to Acquire STP, a Leading Electronic Toll Payment Company
finance.yahoo.com

Acquisition Expected to be Immediately Accretive to Earnings Upon Closing

STP, which operates under the brand Sem Parar, is Brazil’s leading electronic toll payments company, with near universal acceptance nationally. Using RFID technology, STP-issued tags and stickers process approximately $2.5 billion USD in toll, parking, and fuel payments annually for over 4.5 million active users. STP also provides cardless fuel payments at an expanding number of Shell sites throughout Brazil. The company has approximately 2,200 employees and is headquartered in Sao Paulo, Brazil
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