Americas News
WFS Completes Payment Systems Deal
Thursday January 3, 2013
U.S.-based World Fuel Services Corporation [NYSE:INT] (WFS) says it has completed the acquisition of assets of Multi Service Corporation (Multi Service), a company that makes payment systems.
"The Multi Service acquisition will expand our presence in the payment processing industry as we leverage technology across our platform with our customers," said Michael J. Kasbar, president and chief executive officer of World Fuel Services Corporation.
"We are pleased to be partnering with the Multi Service team and we welcome them to the World Fuel organization."
WFS previously said it would pay $137 million for the U.S. business, which handles fuel procurement payments and other transactions in the transportation and retail industries.
