Atlanta, U.S.A. - July 28, 2008 - FleetCor, the Global Fleet Card Company, announced today that it has established a strategic partnership with Moscow-based Petrol Plus Region (PPR), Russia's leading independent fuel card company. PPR has operations in Russia, Poland and the Baltic countries (Lithuania, Latvia and Estonia). FleetCor will assume management and strategic development responsibility of the business as of the time of this press release.
FleetCor (www.Fleetcor.com), The Global Fleet Card Company, is the worldwide leader in managing and processing commercial fuel cards. FleetCor serves over 750,000 business fleets, and over 3.5 million active cardholders in North America, Europe, Asia and Africa. FleetCor's card programs are marketed under a variety of brand names including: CCS, CFN, FleetNet, Fuelman, The Fuelcard Company, Keyfuels, Mannatec and Smart. FleetCor and its subsidiaries employ over 800 associates located in 15 offices globally. FleetCor is privately owned by management, and a group of institutional private equity investors including Bain Capital, Summit Partners, and Advent International.
Petrol Plus Region is based in Moscow, Russia, and is Russia's largest independent fuel card company. It also has offices in Kaliningrad (Russia), Vilnius (Lithuania), and Warsaw (Poland).
KBCS/BIC advised Fleetcor in the process of establishing strategic partnership.
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