OEConnection (“OEC”), a leading global technology provider for the automotive aftersales industry, has announced it has completed its acquisition of epyx Ltd (“epyx”), together with sister companies r2c Online Ltd and Business Gateway GmbH, from Corpay. The transaction has received all required regulatory approvals and has now closed.
Through the 1link platforms, epyx connects fleet operators, leasing companies and service providers across a digital network that supports vehicle service, repair authorisation and fleet workflows across the UK and European markets, serving operators of more than four million vehicles and processing more than £2 billion in transactions annually. The addition of epyx bolsters OEC’s suite of fleet solutions and further strengthens its fleet service, maintenance and repair (SMR) network. OEC’s majority investor, Francisco Partners, will continue to support the combined business with investment and sector expertise.
“epyx has built deep, long-standing relationships across the fleet and garage network ecosystem in the UK and Europe, and their platforms are purpose-built for the fleet market they serve,” said Patrick Brown, CEO of OEC. “By bringing our organisations together, we can deliver solutions that reduce friction, drive innovation, and support our fleet customers at a significantly larger scale. We’re excited to welcome epyx’s team, customers, and partners into OEC.”
“OEC is a logical next home for epyx. We’re excited to join forces with an established market leader and continue to grow and innovate alongside OEC, with exciting discussions underway on how to best accelerate the value we deliver to our customers,” said Aditya Varadpande, Managing Director of epyx, r2c Online, and Business Gateway. “The similarities between our companies go beyond solutions and customers and extend to our shared commitment to supporting the full vehicle lifecycle for our fleet partners.”
Customers and partners of epyx, r2c Online, and Business Gateway can expect continuity of service, with existing contacts, agreements, and services remaining in place while benefitting from increased investment in the technology they rely on to run their business. Both organisations will continue to deliver existing services without interruption.
For more information about OEC, visit OEConnection.com. For more information about epyx, visit epyx.co.uk.
