OEConnection buys Epyx and sister firms in fleet tech consolidation
What's the deal? OEConnectionDealroom has a profile for this one. Try Dealroom → (OEC), a global technology provider for the automotive aftersales industry, has agreed to acquire fleet management and service, maintenance, and repair (SMR) technology provider EpyxDealroom has a profile for this one. Try Dealroom → along with sister companies r2c Online LtdDealroom has a profile for this one. Try Dealroom → and Business Gateway GmbHDealroom has a profile for this one. Try Dealroom →. The businesses are being bought from Corpay (NYSE: CPAY), with the deal expected to close later in 2026.
What each company does: Epyx, r2c Online, and Business Gateway supply fleet management, vehicle SMR, workshop management, and compliance technology across the UK and continental Europe. Their customers include fleet operators, service providers, and industry partners.
What's the rationale? The acquisition aims to increase customer value across Europe's fleet and aftersales technology market. "Joining OEC reflects a strong strategic fit between organisations that share a deep commitment to the fleet and aftersales industry," said Aditya Varadpande, managing director of Epyx, r2c Online, and Business Gateway.
What changes for customers? Once the transaction closes, Epyx, r2c Online, and Business Gateway customers and partners can expect continuity of service, with existing contacts, agreements, and services remaining in place. Further details will be shared as the deal progresses.
The signal: The deal folds a set of UK and European fleet technologies into a single owner, extending OEC's reach into aftersales and repair markets across the continent. Varadpande noted the companies have spent "more than two decades" building technologies and relationships that fleets and repair stakeholders rely on — assets OEC now inherits as it consolidates its position in the sector.
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