Eurowag

Eurowag
FormerlyWAG Group
TypePublic limited company
LSE: EWG
IndustryFinancial Services
Founded1995 (1995)
FounderMartin Vohánka
HeadquartersPrague, Czech Republic
Key people
ProductsFreight and road payments
RevenueIncrease €2,308.3 million (2025)[1]
Increase €50.2 million (2025)[1]
Decrease €2.2 million (2025)[1]
Total assetsIncrease €1,120.6 million (2025)[1]
Total equityDecrease €243.8 million (2025)[1]
Number of employees
2,000 (2025)[2]
Websiteinvestors.eurowag.com, www.eurowag.com

Eurowag is a Czech-founded company providing payment and mobility services to the commercial road transport industry in Europe.[3] Its services include fuel and toll payments, fleet management, telematics and financial services.[4]

The company was founded by Martin Vohánka in Prague in 1995 and is listed on the London Stock Exchange, where it is a constituent of the FTSE 250 Index.[5]

History

The company was founded by Martin Vohánka as a petroleum trader in the Czech Republic as the W. A. G. Group in 1995.[6] It launched its payment services platform, which operated under the trade name of Eurowag, in 2000.[7]

In 2016, US private-equity firm TA Associates acquired a minority stake in Eurowag.[8] In 2017, Eurowag expanded into telematics and fleet management through the acquisition of Czech company Princip.[9] In the same year, Eurowag was registered in the Czech Republic as a provider of the European Electronic Toll Service (EETS).[10]

In 2019, Eurowag expanded through acquisitions, acquiring a 75% stake in Spanish and Portuguese fuel-card operator ADS and a 70% stake in Slovak navigation-software company Sygic.[11][12]

As of May 2021, the company was owned 59.1% by Vohánka and 32.7% by TA Associates.[13]

The company was listed on the London Stock Exchange (LSE) in October 2021. Its initial public offering was priced at 150 pence per share, giving the company a market capitalization of approximately £1.03 billion.[14] Its shares fell by around 10% on their first day of trading.[15] The flotation was described as having badly "misfired" reducing the company's valuation from the value predicted of £1.4 billion[16] to just £0.7 billion.[17]

In April 2022, it collaborated with a Fintech company, Factris, to offer Eurowag Cash that enables customers to factor their customer invoices.[18]

In July 2022, Eurowag completed the acquisition of substantially all of the assets of fleet-management company WebEye.[19] In October 2022, it agreed to acquire Polish fleet-management software provider Inelo Group for up to €306 million;[20] the acquisition was completed in March 2023.[21]

In September 2025, Eurowag’s LSE ticker changed from WPS to EWG.[22]

Operations

The company processes fuel and toll payments for heavy goods vehicle drivers across Europe, and offers fleet management, compliance and telematics services.[23][24]

In 2025, Eurowag reported 321,500 active trucks, defined as vehicles that had paid for one of its services.[25]

References

  1. 1 2 3 4 5 "Annual Results 2025" (PDF). Eurowag. Retrieved 25 March 2026.
  2. ↑ "Our People". Eurowag. Retrieved 10 February 2025.
  3. ↑ "EUROWAG Annual Report and Accounts 2024" (PDF). W.A.G payment solutions plc. 2025. Retrieved 30 August 2026.
  4. ↑ "Preliminary results for the year ended 31 December 2025". Eurowag. 25 March 2026. Retrieved 30 August 2026.
  5. ↑ "30 years of Eurowag: From Petroleum Trading to the Digital Future of European Trucking". Eurowag. 26 May 2026. Retrieved 30 August 2026.
  6. ↑ "Listings have a real sinking feeling". The Times. 9 October 2021. Retrieved 8 September 2022.
  7. ↑ "Prospectus" (PDF). W. A. G. Payment Solutions. Archived from the original (PDF) on 12 September 2022. Retrieved 8 September 2022.
  8. ↑ "Český Eurowag chce vybrat od investorů v Londýně přes pět miliard korun". Hospodářské noviny. 14 September 2021. Retrieved 31 August 2026.
  9. ↑ "Annual Report 2018" (PDF). W.A.G. payment solutions. Retrieved 31 August 2026.
  10. ↑ "Progress Report" (PDF). EETS Facilitation Platform. Retrieved 31 August 2026.
  11. ↑ "Miliardář z kamionu Martin Vohánka vyjel dobýt španělský trh". Forbes Česko. 2019. Retrieved 31 August 2026.
  12. ↑ "Annual Report 2019" (PDF). W.A.G. payment solutions. 2020. Retrieved 31 August 2026.
  13. ↑ "TA Associates plans London IPO of $2 billion Czech payments firm Eurowag". Reuters. 27 May 2021. Retrieved 8 September 2022.
  14. ↑ "Announcement of Offer Price". Eurowag. 8 October 2021. Retrieved 30 August 2026.
  15. ↑ "Eurowag shares fall 10% after cut-price London debut". Reuters. 8 October 2021. Retrieved 30 August 2026 – via Euronews.
  16. ↑ "Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London". City AM. 27 May 2021. Retrieved 26 September 2025.
  17. ↑ "Eurowag flotation misfires slashing value by £700m". The Times. Retrieved 26 September 2025.
  18. ↑ "Factris partners with Eurowag to launch new financial product". The Paypers. 29 March 2022. Retrieved 8 September 2022.
  19. ↑ "Eurowag completes the acquisition of WebEye assets". Eurowag. 1 July 2022. Retrieved 30 August 2026.
  20. ↑ "Eurowag to acquire Inelo" (PDF). Eurowag. 25 October 2022. Retrieved 30 August 2026.
  21. ↑ "Completion of acquisition of Inelo". Investegate. 15 March 2023. Retrieved 30 August 2026.
  22. ↑ Change of ticker symbol to EWG London Stock Exchange 4 September 2025
  23. ↑ "Eurowag shares fall as conditional dealings begin in London". Morning Star. 8 October 2022. Retrieved 8 September 2022.
  24. ↑ "Key Players in the EU Payments Landscape" (PDF). Deloitte. 2022. p. 120. Archived from the original (PDF) on 12 September 2022. Retrieved 8 September 2022.
  25. ↑ "Preliminary results for the year ended 31 December 2025". Eurowag. 25 March 2026. Retrieved 30 August 2026.
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