W. A. G. Payment Solutions

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]

W. A. G. Payment Solutions
TypePublic limited company
LSE: WPS
IndustryFinancial Services
Founded1995 (1995)
FounderMartin Vohánka
HeadquartersPrague, Czech Republic
Key people
RevenueIncrease €2,368.3 million (2022)[1]
Increase €32.8 million (2022)[1]
Increase €17.7 million (2022)[1]
Total assetsIncrease €915.4 million (2022)[1]
Total equityIncrease €316.6 million (2022)[1]
Number of employees
1,000 (2023)[2]
Websiteinvestors.eurowag.com, www.eurowag.com

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] Then, 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", which enables customers to factor their customer invoices.[12]

Operations

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

References
  1. "Annual Results 2022". W. A. G. Payment Solutions. Retrieved 16 March 2023.
  2. "Our People". W. A. G. Payment Solutions. Retrieved 18 February 2023.
  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.
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