BLACKBURN, UNITED KINGDOM: 1 JULY 2019 – EG Group, a leading global independent fuel station and convenience retailer has completed the sale of its fuel card business (“Go Fuel Card”) to WEX inc. (NYSE: WEX), a leading financial technology service provider.
The Go Fuel Card business is headquartered in Breda, Netherlands with approximately 200,000 proprietary cards in circulation across the Netherlands, France, Belgium and Luxembourg and operates on an independent proprietary card network and is accepted at over 5,000 retail sites.
Mohsin Issa, Founder and Co-CEO, EG Group expressed “We are pleased to announce the sale of our fuel cards business to WEX Inc. This sale is consistent with our global strategy and more importantly, enables EG Group to focus more on our direct retail operations.
EG Group already work with WEX Inc. across our existing international network and this sale will serve to enhance our strategic partnership commitment to our commercial customers.
We believe that WEX Inc. will help our commercial customers further realise the market benefits and full potential of a leading global fuel card operator. At the same time WEX Inc. will look to deliver market best practice and further invest in the technology platform.”
About EG Group
Founded in 2001 by the Issa Family, United Kingdom based EG Group is a leading petrol forecourt retail convenience operator who has established partnerships with global brands such as ESSO, BP, Shell, Carrefour, Louise Delhaize, SPAR, Starbucks, Burger King, KFC, Greggs and Subway. The business has an established pedigree of delivering a world class fuel, convenience and food-to-go offer.
The EG Group currently employs over 35,000 colleagues working in circa 5,500 sites across nine markets in Europe, USA and Australia.
EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true ‘one-stop’ retail destination to satisfy multiple consumer missions.
The business is regularly recognised for innovation and investment in convenience retail assets, the employees and the systems. Zuber Issa and Mohsin Issa, Co-Founders and co-CEOs, EG Group, were jointly named the 2018 EY Entrepreneur of the Year in the UK.
Martin Currie, Citypress