The Portland-based payment processing firm’s adjusted net income increased by 10 percent from a year earlier.
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Posted inMaine, sj-web
Wex Inc. posts revenue gains in third quarter
SOUTH PORTLAND — Wex Inc., the South Portland-based payment technology and business solutions firm, has reported strong growth in the third quarter, with revenue up 18 percent from a year earlier and net income up 53 percent. Higher fuel prices contributed to the payment processor’s growth, along with increases in customer transactions across its three […]
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Posted inBusiness, sj-web
Wex to build new global headquarters on Portland waterfront
PORTLAND (AP) — A committee of the Portland City Council says South Portland-based Wex Inc. can move ahead with a plan to build a new global headquarters on land owned by Maine’s largest city. The Portland Press Herald (http://bit.ly/2h8XzgB ) reported on Friday that the committee endorsed the payment processing company’s plan. A developer working […]
Posted inBusiness, Maine, sj-web
WEX Inc. acquires North Dakota health tech firm
SOUTH PORTLAND — A South Portland, Maine-based corporate payment systems firm, WEX Inc., will acquire health care technology company Evolution1 for $532.5 million. WEX and the North Dakota-based company announced the deal Monday. WEX officials say the acquisition will advance the firm’s move into the health care industry and help diversify its business. WEX acquired […]
Posted inMaine, sj-web
WEX acquires North Dakota health tech firm
SOUTH PORTLAND (AP) — A South Portland, Maine-based corporate payment systems firm, WEX Inc., will acquire health care technology company Evolution1 for $532.5 million. The Portland Press Herald (http://bit.ly/1jvDKW1 ) reported WEX and the North Dakota-based company announced the deal Monday. WEX officials say the acquisition will advance the firm’s move into the health care […]
Posted inMaine, sj-web
Wex scraps its plans to expand in South Portland
SOUTH PORTLAND — A South Portland-based credit card payment processing company has suspended plans to expand and possibly relocate its corporate headquarters. WEX Inc. had been considering expansion opportunities in Maine that would have more than doubled the size of its current headquarters. Company spokeswoman Trish O’Donnell did not provide any reasons for Tuesday’s decision, […]