Purchase of Business Gateway takes epyx fleet base to 5m vehicles

EPYX, owned by Fleetcor Technologies, has grown its footprint significantly to 5m vehicles with the acquisition of German company Business Gateway.

Founded in 2000, Business Gateway provides leasing companies operating almost one million vehicles in Germany, Switzerland and eight other European countries with tyre and SMR management technology, connecting them to over 25,000 garages and fast-fit centres.

The Business Gateway technology will be integrated with the epyx platform enabling the business to handle SMR for more than 5m company cars, light commercial vehicles and trucks.

Aditya Varadpande, managing director for Fleetcor’s European fleet management and payment card businesses, said: 

“The synergy between Business Gateway and our 1link Service Network platform, which is the long established industry standard for SMR management in the UK and several other countries, is obvious. The two companies will be an excellent fit.”

“In addition to our existing presences in France, Portugal, Denmark and Ireland, this new acquisition allows us to provide sophisticated digital fleet tyre process technology across almost every major European fleet market. For pan-European leasing companies, we are becoming a potential single point of access for world-leading SMR or tyre management, allowing them to maximise the benefits of digitisation.”

Epyx owner Fleetcor says it is planning a  long-term programme of investment for Business Gateway to develop new digital functionality such as online driver booking, connected vehicle data and advanced insight products, while also enhancing cybersecurity and platform stability.

Aditya said: “We will be enhancing the Business Gateway product range but this will not be a one-way process. Their tyre management systems especially are highly advanced and will be used to strengthen the epyx product offering.”

The current Business Gateway management team will stay in place to help maximise the benefits of the acquisition and ensure strong continuity of service.