Wright Express Buys Retail Decisions’ Australian Fleet and Prepaid Card Operations

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Wright Express Corp. on July 30 announced a $318 million deal to acquire the Australian prepaid and fleet card operations of London-based Retail Decisions Ltd. as part of Wright’s strategy to diversify its fuel card operations.

South Portland, Maine-based Wright will absorb ReD Fuel, which issues 270,000 fuel cards in Australia used primarily by fleet operations, and ReD Prepaid, which has 60% of Australia’s prepaid card market, Wright says.

The deal will build on Wright’s strategy to expand and diversify its prepaid and fuel card programs.