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FleetPartners Group ( (AU:FPR) ) has issued an announcement.
FleetPartners Group Limited has announced its acquisition of Remunerator, a seasoned provider of salary packaging and novated lease services. This strategic move is set to enhance FleetPartners’ competitive edge in the novated leasing market by introducing new capabilities and expanding customer engagement. The acquisition, valued at $31.4 million upfront with additional contingent payments, is expected to be funded through existing cash and debt facilities and is projected to be slightly accretive to earnings per share.
The most recent analyst rating on (AU:FPR) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on FleetPartners Group stock, see the AU:FPR Stock Forecast page.
More about FleetPartners Group
FleetPartners Group Limited operates in the financial services industry, focusing on providing novated leasing and salary packaging solutions. The company aims to enhance its market position by expanding its product offerings and customer engagement opportunities.
YTD Price Performance: 6.32%
Average Trading Volume: 731,325
Technical Sentiment Signal: Hold
Current Market Cap: A$594.4M
Learn more about FPR stock on TipRanks’ Stock Analysis page.