Fuel card provider Comdata bought for $3.45B

Aug 13, 2014

Updated Aug 14, 2014

Fleet, virtual card and gift card payment system service Comdata has been sold to FleetCor Technologies from Ceridian LLC for $3.45 billion. The deal is expected to close in December.

FleetCor also provides fuel cards and workforce payment products to businesses.

Comdata has about 1,300 employees, 20,000 customers and makes about $54 billion in payments each year.

Overdrive sister site CCJ has the full story. Click here to see it.

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