W. A. G. Payment Solutions

Last updated

W. A. G. Payment Solutions
Company type Public limited company
LSE:  WPS
IndustryFinancial Services
Founded1995;29 years ago (1995)
FounderMartin Vohánka
Headquarters Prague, Czech Republic
Key people
RevenueDecrease2.svg €2,088.1 million (2023) [1]
Decrease2.svg €(27.7) million (2023) [1]
Decrease2.svg €(44.0) million (2023) [1]
Total assets Increase2.svg €1,144.3 million (2023) [1]
Total equity Decrease2.svg €262.8 million (2023) [1]
Number of employees
1,000 (2024) [2]
Website investors.eurowag.com , www.eurowag.com

W. A. G. Payment Solutions, trading as Eurowag, is a business which processes freight and road payments across Europe. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. [3] [4]

Contents

History

The company was founded by Martin Vohánka as a petroleum trader in the Czech Republic under the name "W. A. G. Group" in 1995. [5] It launched its payment services platform, which operated under the trade name of "Eurowag", in 2000. [6] As of May 2021, the company was owned 59.1% by Vohánka and 32.7% by TA Associates. [7]

The company was the subject of an initial public offering on the London Stock Exchange in October 2021. [8] [9] [10] Then, in November 2022, the company acquired WebEye, a telematics business. [11] In April 2022, it collaborated with a Fintech company, Factris, to offer "Eurowag Cash", which enables customers to factor their customer invoices. [12]

Operations

The company processes fuel and toll payments for heavy goods vehicle driver across Europe. [13] [14]

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References

  1. 1 2 3 4 5 "Annual Results 2023" (PDF). W. A. G. Payment Solutions. Retrieved 26 March 2024.
  2. ↑ "Our People". W. A. G. Payment Solutions. Retrieved 13 February 2024.
  3. ↑ "Meggitt (UK): Constituent Deletion - Update Changes in FTSE UK Index Series". FTSE Russell. 8 September 2022. Retrieved 8 September 2022.
  4. ↑ "Frasers to finally return to FTSE 100, replacing outbound Meggitt". Morning Star. 8 September 2022. Retrieved 12 September 2022.
  5. ↑ "Listings have a real sinking feeling". The Times. 9 October 2021. Retrieved 8 September 2022.
  6. ↑ "Prospectus" (PDF). W. A. G. Payment Solutions. Retrieved 8 September 2022.
  7. ↑ "TA Associates plans London IPO of $2 billion Czech payments firm Eurowag". Reuters. 27 May 2021. Retrieved 8 September 2022.
  8. ↑ "Payment group Eurowag slides on stock market debut". The Times. 9 October 2021. Retrieved 8 September 2022.
  9. ↑ "Transport payment platform Eurowag to go public in London". Silicon Republic. 13 September 2021. Retrieved 8 September 2022.
  10. ↑ "Lack of truck drivers spikes Eurowag's price". Tech Smart. 30 September 2021. Retrieved 8 September 2022.
  11. ↑ "Allen & Overy and Satori, Lutter and Partners Advise on Eurowag's Acquisition of WebEye Telematics". CEE Legal Matters. 10 December 2021. Retrieved 21 September 2023.
  12. ↑ "Factris partners with Eurowag to launch new financial product". The Paypers. 29 March 2022. Retrieved 8 September 2022.
  13. ↑ "Eurowag shares fall as conditional dealings begin in London". Morning Star. 8 October 2022. Retrieved 8 September 2022.
  14. ↑ "Key Players in the EU Payments Landscape" (PDF). Deloitte. 2022. p. 120. Retrieved 8 September 2022.
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