Corpay to acquire GPS Capital Markets for $725M, accretive to 2025 EPS

CORPAY, INC.

Corpay signs definitive agreement to acquire GPS Capital Markets for ~$725 million.
Transaction expected to close early 2025, subject to regulatory approval and standard conditions.
Deal is accretive to 2025 cash EPS; positions Corporate Payments to scale to ~$2B by 2026.
Combined company will process cross-border payments for 23,000 customers in 145+ currencies.
Corpay reiterates Q2 2024 outlook; results expected in early August.

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