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    Investment and Growth Planned for Point of Sale at Truck Stops as PDI Technologies Acquires Comdata Merchant Solutions

    12/2/24 2:30:00 PM ET
    $CPAY
    Business Services
    Consumer Discretionary
    Get the next $CPAY alert in real time by email

    Comdata retains fuel card and payment acceptance business serving commercial fleets

    ATLANTA, Dec. 2, 2024 /PRNewswire/ -- PDI Technologies, a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, today announced its acquisition of the Comdata Merchant Solutions business from Comdata's parent company, Corpay Inc. (NYSE:CPAY). This includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations. 

    PDI Technologies Software (PRNewsfoto/PDI Technologies)

    PDI currently offers a market-tested POS retail solution internationally, including convenience customer sites in North America as of Q4 2024. Designed for its versatility in both retail fuel and convenience, the all-in-one software platform provides cloud-centric POS, self-checkout, and foodservice capabilities. The addition of the Comdata Merchant Solutions assets and technologies to the existing PDI retail offering expands and strengthens the PDI POS portfolio.

    "For years, the Comdata Merchant Solutions team has dedicated themselves to serving the POS needs of the attended and unattended over-the-road trucking industry," said Sid Gaitonde, President, Enterprise Productivity, PDI Technologies. "We welcome their team and look forward to delivering even greater value to customers and the entire industry ecosystem as we invest in and grow the business here at PDI." 

    Comdata will retain operations of its truck stop payment acceptance network, including the fuel cards issued to trucking companies and the technology that accepts transactions at truck stop retailers, which were not included in the acquisition. As part of the deal, PDI will become an approved provider of Comdata transactions across the PDI POS solutions.

    "This is an exciting announcement for the Comdata Merchant Solutions team and the industry, and we wish the team the best as they transition to PDI," said Randy Morgan, President, Comdata. "We know PDI will support and enhance the POS part of the business, while we remain the card issuer and merchant acceptance provider moving forward."

    "PDI's integration with Comdata Merchant Solutions will allow us to deliver a more comprehensive and efficient POS solution, ultimately benefiting both convenience retailers and their customers," said Brad McGuinness, Senior Vice President and General Manager, POS Solutions, PDI Technologies. "We see immense potential in both the exceptional technology and the deeply knowledgeable people at Comdata Merchant Solutions, and we look forward to adding them to our growing portfolio and team."

    Berenson & Company, LLC served as financial advisor to PDI in connection with the transaction.

    About PDI Technologies

    With 40 years of industry leadership, PDI Technologies, Inc. resides at the intersection of productivity and sales growth, delivering powerful solutions that serve as the backbone of the convenience retail and petroleum wholesale ecosystem. By "Connecting Convenience" across the globe, we empower businesses to increase productivity, make informed decisions, and engage faster with their customers. From large-scale ERP and logistics operations to loyalty programs and cybersecurity, we're simplifying the industry supply chain for whatever comes next. Today, we serve over 200,000 locations worldwide with solutions like the Fuel Rewards® program and GasBuddy®, two popular brands representing more than 30 million users. Visit the PDI Technologies website.  

    For more information, contact: [email protected]  

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/investment-and-growth-planned-for-point-of-sale-at-truck-stops-as-pdi-technologies-acquires-comdata-merchant-solutions-302319906.html

    SOURCE PDI Technologies

    Get the next $CPAY alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • What significant business acquisition did PDI Technologies announce?

      PDI Technologies has acquired the Comdata Merchant Solutions business from Corpay Inc., including Point of Sale hardware and systems for commercial fueling.

    • What operations will Comdata maintain after the acquisition?

      Comdata will continue to operate its truck stop payment acceptance network and manage the fuel cards issued to trucking companies, which were not part of the acquisition.

    • What are the expected benefits of PDI's integration with Comdata Merchant Solutions?

      The integration aims to enhance POS solutions, benefiting convenience retailers and their customers through improved technology and efficiency.

    • What commitment has PDI Technologies made regarding the future of Comdata Merchant Solutions?

      PDI Technologies plans to invest in and grow the newly acquired Comdata Merchant Solutions business to deliver greater value to customers.

    • Who advised PDI Technologies in relation to the acquisition of Comdata Merchant Solutions?

      Berenson & Company, LLC served as the financial advisor to PDI Technologies during the transaction.

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