-
PublishedJune 29, 2020
Portland-based Wex secures $400 million private investment
The investment by New York-based private equity firm Warburg Pincus LLC will help Wex navigate 'the current uncertain operating environment,' it said.
-
PublishedMay 12, 2020
Wex sued in UK court for canceling $1.7 billion acquisition
The Portland-based company had agreed to purchase two travel payment firms for $1.7 billion, but backed out because of the coronavirus pandemic.
-
PublishedMay 7, 2020
Travel restrictions worry Wex after solid first quarter
The Portland-based payment processing technology firm says business declined in April because of pandemic-related restrictions on travel.
-
PublishedApril 15, 2020
Wex announces layoffs, furloughs affecting 5% of its workforce
Business has slowed abruptly for the Portland-based payment-processing technology firm, whose CEO bought and sold thousands of company shares 2 days before the price started falling.
-
PublishedMarch 16, 2020
Maine employers send workers home, make drastic changes
The coronavirus is forcing large Portland-area businesses to adopt new rules to keep workers healthy and business humming.
-
PublishedMarch 13, 2020
Wex ‘strongly encouraging’ its employees worldwide to work from home
The Portland-based payment technology firm says it hopes to have employees fully transitioned to remote work by March 20.
-
PublishedMarch 5, 2020
Economic impact of coronavirus cuts into Wex revenue projections
The Portland-based company expects earnings to be down at least 2% for the first three months of this year.
-
PublishedFebruary 13, 2020
Fast-growing Wex reports record revenue of $1.72 billion for 2019
The Portland-based payment processing company reported revenue growth of 15% from a year earlier.
-
PublishedJanuary 24, 2020
Fast-growing Wex to acquire two companies in $1.7 billion deal
The acquisition would enhance Wex's payment processing position in the global travel industry.
-
PublishedJanuary 16, 2020
Wex to build $50 million operations center at The Downs in Scarborough
The 200,000-square-foot facility would be built in the planned village center and house as many as 1,200 employees who are now working in 6 South Portland offices.
WEX
advertisement