IN BRIEF: Eurowag completes first tranche of WebEye acquisition

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WAG Payment Solutions PLC - London-based processor of toll and fuel payments for trucks around Europe, known as Eurowag - Completes first tranche of Hungary-based fleet management WebEye Telematics Zrt. WebEye's 58,000 connected trucks will significantly boost the company's customer base. ‘WebEye's customers will gain access to Eurowag's unrivalled range of integrated end-to-end payment and mobility solutions leading to incremental revenue opportunities,’ Eurowag says. It adds that the Ministry of Technology & Industry in Hungary has granted Eurowag the last remaining approval to buy all of WebEye's Hungarian subsidiaries.

Eurowag expects the transaction to fully complete in July.

Current stock price: 93.70 pence, down 2.4% on Friday

12-month change: down 31%

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