SOUTH PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading provider of corporate payments solutions, today announced the completion of its previously announced acquisition of Noventis, an electronic payments network focused on optimizing payment delivery for bills and invoices to commercial entities.

“We are excited to announce the close of this acquisition, which enhances WEX’s extensive corporate payments network and introduces new complementary payment delivery capabilities to our robust set of existing offerings,” said Jay Dearborn, WEX’s president of corporate payments. “The addition of Noventis expands our reach in a dynamic and growing market and supports our strategy of being a leader in the corporate payments industry.”

On October 22, 2018, WEX announced plans to acquire Noventis.

About WEX

Powered by the belief that complex payment systems can be made simple, WEX Inc. (NYSE:WEX) is a leading provider of payment processing and business solutions across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 3,500 associates around the world. WEX fleet cards offer 11.5 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to $30.3 billion in 2017; and the WEX Health financial technology platform helps 300,000 employers and more than 25 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.