Corpay Expands Its Global Reach With GPS Capital Markets Acquisition: Details
Corpay Expands Its Global Reach With GPS Capital Markets Acquisition: Details
Corpay, Inc. (NYSE:CPAY) disclosed a definitive agreement to acquire GPS Capital Markets, LLC for an undisclosed amount.
Corpay公司（NYSE:CPAY）披露了一份明確的協議，以未披露的金額收購GPS Capital Markets機構。
Headquartered in Salt Lake City, Utah, GPS Capital Markets offers cross-border and treasury management solutions to upper-middle market companies in the U.S.
總部位於猶他州鹽湖城的GPS Capital Markets爲美國中上市場公司提供跨境和資金管理解決方案。
Founded in 2002, GPS has several offices throughout the U.S., as well as in Australia, Canada, the European Union and the United Kingdom.
GPS成立於2002年，擁有美國以及澳洲、加拿大、歐盟和英國的多個辦事處。
Post deal closure, Corpay will process cross-border payments for roughly 23,000 customers in more than 145 currencies across six continents.
交易完成後，Corpay將爲超過23,000名客戶在六大洲的145種貨幣中處理跨境支付。
Ron Clarke, chairman and chief executive officer, Corpay said, "GPS is our third largest deal ever...GPS presents significant revenue and expense synergies and will be accretive to our 2025 cash EPS. This acquisition puts us well on our way to scaling our Corporate Payments business to nearly $2 billion by 2026."
Ron Clarke，Corpay的董事長兼首席執行官說，“GPS是我們迄今爲止第三大交易......GPS提供了重要的營業收入和支出協同效應，將有助於增強我們的2025年現金每股收益。此次收購讓我們在擴大公司支付業務至2026年接近200億美元的道路上邁出了重要的一步。”
Brandon Parke, President and CEO of GPS Capital Markets, stated, "With Corpay's resources and our team's expertise, we are poised to provide even greater value and drive transformative outcomes in the financial markets. The combined capabilities of our two companies will significantly benefit our clients and our employees."
GPS Capital Markets的總裁兼首席執行官Brandon Parke說，“憑藉Corpay的資源和我們團隊的專業知識，我們將能夠在金融市場提供更大的價值並推動變革。我們兩家公司的綜合能力將極大地惠及我們的客戶和員工。”
The transaction is anticipated to close in early 2025, subject to regulatory approval and customary closing conditions.
交易預計將於2025年初完成，需滿足監管審批和慣例結構條件。
Outlook: Corpay expects its second quarter 2024 results to match the midpoint of the financial guidance earlier provided.
展望：Corpay預計第二季度2024年的業績將與先前提供的財務指導的中點相匹配。
During the first quarter results release, the company stated that it projects second quarter revenues of $960 million-$980 million (vs. consensus of $973.7 million) and adjusted EPS of $4.45-$4.55 (vs. street view of $4.51).
在第一季度業績公佈時，該公司表示，預計第二季度的營業收入爲9.6億美元至9.8億美元（市場預期爲9.737億美元），調整後每股收益爲4.45-4.55美元（市場預期爲4.51美元）。
As of March 31, 2024, Corpay's cash and equivalents stood at $3.2 billion.
截至2024年3月31日，Corpay的現金及等價物儲備爲32億美元。
The company will report its second-quarter results in early August.
該公司將於8月初公佈其第二季度業績。
Investors can gain exposure to CPAY via Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:IPAY) and T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (NYSE:TMSL).
投資者可以通過Amplify ETF信託Amplify移動支付ETF（NYSE:IPAY）和普信集團交易所交易基金公司普信集團中小市值ETF（NYSE:TMSL）來獲得CPAY股票的曝光度。
Price Action: CPAY shares closed higher by 0.14% at $252.45 on Tuesday.
週二，CPAY股票收漲0.14%，報252.45美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Image via Unsplash
圖片來源：Unsplash
譯文內容由第三人軟體翻譯。