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WEX Signs 10-Year Extension with Enterprise Fleet Management

1. WEX extends its partnership with Enterprise Fleet Management for 10 years. 2. This agreement enhances WEX's fuel card offerings to fleet management clients.

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FAQ

Why Bullish?

A long-term contract extension suggests stability and potential revenue growth for WEX. Historical performance shows that such agreements often lead to stock price appreciation, as seen in similar industry partnerships.

How important is it?

The extended relationship with Enterprise Fleet Management significantly affects WEX's business strategy and revenue, enhancing its market position. The long-term nature of the contract indicates confidence in WEX’s service and solutions.

Why Long Term?

This extension provides WEX with a steady revenue stream over the next decade, positively influencing its long-term financial health. Past partnerships that were renewed have generally resulted in sustained stock performance due to improved revenue forecasting.

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PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced a 10-year extension of its relationship with global fleet solutions provider, Enterprise Fleet Management, an affiliate of Enterprise Mobility. The agreement extends the decades-long partnership with WEX that dates back to 1993. WEX will continue to deliver fuel cards to Enterprise Fleet Management customers upon signup to help them monitor and control fu.

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