OEConnection, a global technology provider for the automotive aftersales industry, has agreed to acquire Epyx, R2C Online, and Business Gateway from Corpay for an undisclosed amount. The deal, announced Tuesday, is expected to close later this year pending regulatory approvals and standard closing conditions.
Epyx processes 20,000 daily service jobs for fleets
Epyx’s 1link Service Network handles nearly 20,000 service, maintenance, and repair job sheets daily for company cars, vans, and trucks across the UK and Europe. The company, along with its sister businesses R2C Online and Business Gateway, has spent over two decades building platforms and partnerships relied on by fleets and repair networks.
Aditya Varadpande, managing director of the three companies, said the sale to OEConnection reflects a “strong strategic fit” between organizations with a shared commitment to the fleet and aftersales sector. “We look forward to the road ahead as we work toward completing the transaction,” he said.
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OEConnection, founded in 2000 as a partnership between major automakers including Ford and General Motors, now serves a global network of OEMs, repair shops, dealers, fleets, insurers, and aftermarket suppliers. The company employs 1,500 people and counts more than 35 vehicle manufacturers, 30,000 auto suppliers, and 135,000 wholesale customers among its clients.
No immediate changes expected for customers
OEConnection said customers of Epyx, R2C Online, and Business Gateway should see no disruption to services. Existing contacts, agreements, and platforms will remain in place, with further details to be shared “in due course.”
Patrick Brown, CEO of OEConnection, called the acquisition a natural extension of both companies’ work in the fleet and aftersales space. “Epyx has built deep, long-standing relationships across the fleet and garage network ecosystem in the UK and Europe,” he said. “Bringing our organizations together reflects a shared commitment to the technology that keeps vehicles on the road.”
Epyx was previously sold by private equity firm HG Capital to Fleetcor in 2013. Fleetcor rebranded as Corpay last year.
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For fleets and repair shops, the deal may not change much in the short term—contracts and workflows are expected to stay the same. But the combination of OEConnection’s global reach with Epyx’s regional expertise could mean smoother cross-border operations for multinational fleets, especially as electrification and digital diagnostics become more common. The real test will be whether the merged company can integrate systems without losing the local relationships that have kept Epyx’s platforms running for decades.
Francisco Partners, OEConnection’s majority investor, will continue to support the combined business. The transaction is part of a broader consolidation trend in the automotive aftersales sector, where technology providers are increasingly looking to expand their service offerings to cover the entire vehicle lifecycle.
OEConnection did not disclose financial terms of the deal. The companies said they would provide updates as the regulatory review progresses.
