Financial technology service provider WEX Inc. (NYSE: WEX) on Monday unveiled an agreement with Austrian oil and gas giant OMV to expand the Portland-based company s presence in Europe.
Under the agreement, WEX will use its technology platform to manage OMV’s fuel-card program across 10 European markets in a process to be implemented over the next decade.
OMV, which is headquartered in Vienna, produces and markets oil and gas and is one of Austria s largest listed industrial companies. Its upstream operations include a strong base in Central and Eastern Europe as well as a balanced international portfolio, with the Middle East and Africa, the North Sea, Russia and Asia-Pacific as further core regions.