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W. A. G. Payment Solutions

From Wikipedia, the free encyclopedia

W. A. G. Payment Solutions
Head Office inPrague
Company typePublic limited company
LSEWPS
IndustryFinancial Services
Founded1995; 30 years ago (1995)
FounderMartin Vohánka
HeadquartersPrague, Czech Republic
Key people
RevenueIncrease2,236.6 million (2024)[1]
Increase75.3 million (2024)[1]
Increase2.9 million (2024)[1]
Total assetsDecrease1,116.8 million (2024)[1]
Total equityDecrease262.3 million (2024)[1]
Number of employees
2,000 (2025)[2]
Websiteinvestors.eurowag.com,www.eurowag.com

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

History

[edit]

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% byTA Associates.[7]

The company was the subject of aninitial public offering on theLondon 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 aFintech company, Factris, to offer "Eurowag Cash". Eurowag Cash enables customers tofactor their customer invoices.[12]

Operations

[edit]

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

References

[edit]
  1. ^abcde"Annual Results 2024"(PDF). W. A. G. Payment Solutions. Retrieved26 March 2025.
  2. ^"Our People". W. A. G. Payment Solutions. Retrieved10 February 2025.
  3. ^"Meggitt (UK): Constituent Deletion - Update Changes in FTSE UK Index Series". FTSE Russell. 8 September 2022. Retrieved8 September 2022.
  4. ^"Frasers to finally return to FTSE 100, replacing outbound Meggitt".Morning Star. 8 September 2022. Retrieved12 September 2022.
  5. ^"Listings have a real sinking feeling".The Times. 9 October 2021. Retrieved8 September 2022.
  6. ^"Prospectus"(PDF). W. A. G. Payment Solutions. Retrieved8 September 2022.
  7. ^"TA Associates plans London IPO of $2 billion Czech payments firm Eurowag".Reuters. 27 May 2021. Retrieved8 September 2022.
  8. ^"Payment group Eurowag slides on stock market debut".The Times. 9 October 2021. Retrieved8 September 2022.
  9. ^"Transport payment platform Eurowag to go public in London".Silicon Republic. 13 September 2021. Retrieved8 September 2022.
  10. ^"Lack of truck drivers spikes Eurowag's price". Tech Smart. 30 September 2021. Retrieved8 September 2022.
  11. ^"Allen & Overy and Satori, Lutter and Partners Advise on Eurowag's Acquisition of WebEye Telematics".CEE Legal Matters. 10 December 2021. Retrieved21 September 2023.
  12. ^"Factris partners with Eurowag to launch new financial product".The Paypers. 29 March 2022. Retrieved8 September 2022.
  13. ^"Eurowag shares fall as conditional dealings begin in London".Morning Star. 8 October 2022. Retrieved8 September 2022.
  14. ^"Key Players in the EU Payments Landscape"(PDF). Deloitte. 2022. p. 120. Retrieved8 September 2022.

External links

[edit]
FTSE 100FTSE 250 companies of the United Kingdom →FTSE SmallCap
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