W. A. G. Payment Solutions Explained

W. A. G. Payment Solutions
Type:Public limited company
Location:Prague, Czech Republic
Founder:Martin Vohánka
Industry:Financial Services
Revenue: €2,088.1 million (2023)[1]
Operating Income: €(27.7) million (2023)
Net Income: €(44.0) million (2023)
Assets: €1,144.3 million (2023)
Equity: €262.8 million (2023)
Num Employees:1,000 (2024)[2]
Homepage:,

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]

External links

Notes and References

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

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