W. A. G. Payment Solutions

W. A. G. Payment Solutions

Head Office in Prague
Company type	Public limited company
Traded as	LSE:  WPS
Industry	Financial Services
Founded	1995;30 years ago (1995)
Founder	Martin Vohánka
Headquarters	Prague, Czech Republic
Key people	Paul Manduca (chairman) Martin Vohánka (CEO)
Revenue	€2,088.1 million (2023) [1]
Operating income	€(27.7) million (2023) [1]
Net income	€(44.0) million (2023) [1]
Total assets	€1,144.3 million (2023) [1]
Total equity	€262.8 million (2023) [1]
Number of employees	2,000 (2025) [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]}

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]} 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". Eurowag Cash enables customers to factor their customer invoices. ^[12]

Operations

The company processes fuel and toll payments for heavy goods vehicle drivers across Europe. ^{[13] [14]}

References

1. "Annual Results 2023" (PDF). W. A. G. Payment Solutions. Retrieved 26 March 2024.
2. "Our People". W. A. G. Payment Solutions. Retrieved 10 February 2025.
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.

External links

• Official site