-
PublishedJuly 27, 2023
Wex will invest $100 million in the future of electric vehicles
The strategy might seem like a shift for the Maine-based payment processing company, but it's long been involved in the EV industry.
-
PublishedOctober 14, 2022
Wex laying off 150 employees worldwide as it prepares for ‘next phase of growth’
The Portland-based payment technology company said 30 of the job cuts are taking place in Maine.
-
PublishedApril 1, 2022
Wex severs ties with Russian oil company Lukoil North America
The Portland firm had continued doing business with a subsidiary of Russian-based Lukoil after the invasion of Ukraine, but changed course on Friday.
-
PublishedMarch 7, 2022
Wex and Idexx won’t say whether they’ll suspend doing business in Russia
The Maine-based companies will say only that they will abide by the sanctions imposed by the U.S. and Europe because of the invasion of Ukraine.
-
PublishedOctober 7, 2021
Portland-based Wex mandates vaccinations for all in-office workers
The policy comes a few weeks before a federal rule requiring vaccinations or weekly COVID tests for workers at large companies is to take effect.
-
PublishedJuly 29, 2021
Wex shelves plans for Scarborough office, citing trend toward remote work
The Portland-based company had planned to expand into a new $50 million building at the site of the former Scarborough Downs.
-
PublishedFebruary 24, 2021
Portland’s Wex reports virus-related financial woes in 2020
Wex, one of Maine's largest tech firms, reported a drop in revenue and profits for the year, which it attributed largely to the coronavirus pandemic.
-
PublishedDecember 15, 2020
Wex settles lawsuit, buys companies in UK at reduced price
The Portland company was sued after it pulled out of a $1.7 billion purchase of the two companies, but wound up buying both for a third of the original price.
-
PublishedOctober 29, 2020
Wex reports drop in revenue and income
The pandemic continues to constrain growth for the Portland-based company.
-
PublishedOctober 12, 2020
British court issues ruling favorable to Wex in UK lawsuit
The Portland-based company wants out of a $1.7 billion deal to buy 2 British firms, citing the negative effects the coronavirus pandemic has had on their value.
- 1
- 2
- 3
- Next Page →