Prague-based W.A.G. payment solutions, a/k/a Eurowag has picked up an investment from Houston-based TA Associates to become a minority owner.
Serving international trucking companies, small haulers and operators of delivery and personal vehicle fleets, Eurowag offers a portfolio of cards for vehicle fueling, as well as toll payment solutions that provide a unified system of electronic toll payment across a number of European countries.
The company serves over 4,000 customers with more than 120,000 active fuel cards, has over 9,500 fuel card acceptance points in 24 countries, and offers automated toll payment coverage in 18 countries.
Eurowag also offers tax refund services in the form of net invoicing, standard VAT refunds and excise tax refunds. In addition, Eurowag owns and operates multiple truck parks at key pan-European commercial transport locations. The company recently introduced the Eurowag MasterCard, a pre-paid card that can be used across the MasterCard network.
TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 450 companies around the world and has raised $24 billion in capital.
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