Comdata retains fuel card and payment acceptance business serving commercial fleets

ATLANTA, Dec. 2, 2024 /PRNewswire/ — PDI Technologies, a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, today announced its acquisition of the Comdata Merchant Solutions business from Comdata’s parent company, Corpay Inc. (NYSE: CPAY). This includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations. 

PDI currently offers a market-tested POS retail solution internationally, including convenience customer sites in North America as of Q4 2024. Designed for its versatility in both retail fuel and convenience, the all-in-one software platform provides cloud-centric POS, self-checkout, and foodservice capabilities. The addition of the Comdata Merchant Solutions assets and technologies to the existing PDI retail offering expands and strengthens the PDI POS portfolio.

“For years, the Comdata Merchant Solutions team has dedicated themselves to serving the POS needs of the attended and unattended over-the-road trucking industry,” said Sid Gaitonde, President, Enterprise Productivity, PDI Technologies. “We welcome their team and look forward to delivering even greater value to customers and the entire industry ecosystem as we invest in and grow the business here at PDI.” 

Comdata will retain operations of its truck stop payment acceptance network, including the fuel cards issued to trucking companies and the technology that accepts transactions at truck stop retailers, which were not included in the acquisition. As part of the deal, PDI will become an approved provider of Comdata transactions across the PDI POS solutions.

“This is an exciting announcement for the Comdata Merchant Solutions team and the industry, and we wish the team the best as they transition to PDI,” said Randy Morgan, President, Comdata. “We know PDI will support and enhance the POS part of the business, while we remain the card issuer and merchant acceptance provider moving forward.”

“PDI’s integration with Comdata Merchant Solutions will allow us to deliver a more comprehensive and efficient POS solution, ultimately benefiting both convenience retailers and their customers,” said Brad McGuinness, Senior Vice President and General Manager, POS Solutions, PDI Technologies. “We see immense potential in both the exceptional technology and the deeply knowledgeable people at Comdata Merchant Solutions, and we look forward to adding them to our growing portfolio and team.”

Berenson & Company, LLC served as financial advisor to PDI in connection with the transaction.

About PDI Technologies

With 40 years of industry leadership, PDI Technologies, Inc. resides at the intersection of productivity and sales growth, delivering powerful solutions that serve as the backbone of the convenience retail and petroleum wholesale ecosystem. By “Connecting Convenience” across the globe, we empower businesses to increase productivity, make informed decisions, and engage faster with their customers. From large-scale ERP and logistics operations to loyalty programs and cybersecurity, we’re simplifying the industry supply chain for whatever comes next. Today, we serve over 200,000 locations worldwide with solutions like the Fuel Rewards® program and GasBuddy®, two popular brands representing more than 30 million users. Visit the PDI Technologies website.  

For more information, contact: pr@pditechnologies.com  

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JUPITER, Fla., Dec. 2, 2024 /PRNewswire/ — Advancements with Ted Danson is scheduled to broadcast on Saturday, December 7, 2024. Tune into Bloomberg Television at 8:00 pm ET to watch.

First, the series will educate about Cook Inlet Region, Inc. (CIRI), one of 12 land-based Alaska Native regional corporations created pursuant to the Alaska Native Claims Settlement Act (ANCSA). While hearing from CIRI – whose regional boundaries roughly follow the traditional Dena’ina territory of Southcentral Alaska – audiences will learn about its mission to promote economic and social well-being amongst its shareholders and their families, and how it focuses on strength and sustainability through the traditional values and practices that have served Alaska Native people for generations.

Next, viewers will discover how innovations in prefabrication technology are transforming the electrical construction industry. With a look at AECInspire, viewers will hear how it’s AI-enhanced tools are helping to democratize access to advanced prefabrication solutions, which lead to reduced labor dependency and cost, and are setting new standards for quality and efficiency across projects.

Find out about the latest tactics and techniques being deployed by sophisticated hackers and ransomware groups today and see how artificial intelligence tools are being used in cyber-attacks as the show explores how frontline security professionals at American Cyber and SonicWall are helping to protect organizations, improve cyber hygiene, and reduce risks online.

The show will also explore how the demand for magnets has created a growing interest in finding sustainable alternatives. Hearing from experts at Niron Magnetics (Niron), audiences will learn about its proprietary Clean Earth Magnet® technology, which was created to enable mass production of high-performance permanent magnets. Possessing inherently higher magnetization that can be produced more sustainably, the segment will highlight how the Clean Earth Magnet materials create high-powered magnets using commonly available iron and nitrogen raw materials that can be sourced globally.

About Advancements:
Advancements is an information-based educational television series that explores recent developments taking place across several industries and economies. With a focus on some of the major innovations responsible for global progress today, the award-winning series goes behind-the-scenes to discover and share how technology and innovation continue to drive the world forward.

Advancements shines a light on several important issues and topics, while featuring an array of cutting-edge improvements, state-of-the-art technologies, and groundbreaking environmental and sustainable solutions. Its team of writers, directors, and producers remain dedicated to consistently producing commercial-free, educational programming for viewers and networks.

For more information, please visit www.AdvancementsTV.com or call 866-496-4065.

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NEW YORK, Dec. 2, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global automotive engineering service providers (ESP) market size is estimated to grow by USD 10.91 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.64% during the forecast period. Increasing digitization and electrification of automobiles is driving market growth, with a trend towards development of autonomous vehicles. However, evolving regulatory landscape of automotive industry poses a challenge. Key market players include Adecco Group AG, Altair Engineering Inc., ASM Technologies Ltd., AVL List GmbH, Belcan LLC, Bertrandt AG, Capgemini Service SAS, Contechs Group Holdings Ltd., EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., L and T Technology Services Ltd., Magna International Inc., Mahindra and Mahindra Ltd., Onward Technologies Ltd., and Ricardo Plc.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Driver

Autonomous vehicles, a fusion of automotive engineering and technology, are developed by ESPs through intricate engineering solutions. These companies design, fabricate, and assemble mechanical, electrical, and electronic elements, integrating artificial intelligence and safety features. Key technologies include 5G networks, collision avoidance sensors, and connection sensors. ESPs collaborate with OEMs and tech firms to create luxurious, efficient, and safe vehicles, adhering to stringent safety regulations and industry 4.0 standards. LED technology and lightweight body materials enhance vehicle aesthetics and performance. ESPs also focus on vehicle efficiency, electric vehicles, and outsourcing services, catering to emerging nations and commercial vehicle sectors. 

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Market Challenges

Autonomous vehicles and connected cars bring new regulations, posing uncertainties for Automotive Engineering Service Providers (ESPs). Strict safety regulations, such as data privacy and autonomous driving standards, necessitate substantial investments in understanding, interpreting, and complying. Fear of non-compliance and potential liability may hinder innovation, with ESPs hesitant to develop cutting-edge technologies due to regulatory risks. High barriers to entry, created by stringent safety testing and certification, favor larger, established providers, potentially limiting competition and market dynamism. Key areas of focus include 5G networks, electric vehicles, vehicle efficiency, collision avoidance sensors, connection sensors, lightweight vehicles, fuel efficient vehicles, electric motors, battery management systems, sensor fusion, cybersecurity, data analytics, and vehicle safety.

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Segment Overview

This automotive engineering service providers (esp) market report extensively covers market segmentation by

Application1.1 In-house1.2 Out-sourceProduct Type2.1 Powertrain2.2 Complete vehicle2.3 Electrical/electronics2.4 OthersGeography3.1 Europe3.2 APAC3.3 North America3.4 South America3.5 Middle East and Africa

1.1 In-house- The Automotive Engineering Service Providers (ESP) Market encompasses mechanical and electrical engineering, leveraging lightweight materials and digital vehicles to enhance connectedness and software development. ESPs address cybersecurity and data analytics concerns, ensuring vehicle safety and fuel efficiency through expertise in electric motors and battery management systems. Sensor fusion engineering solutions facilitate designing, developing, fabricating, and assembling mechanical, electrical, electronics, and software elements for automobiles. ESPs cater to stringent safety regulations in the automotive engineering field, delivering improved quality, safe structured vehicles, and convenient driving experiences for models and vehicles, including commercial ones. With the advent of 5G networks, ESPs are poised to revolutionize the industry through engineering solutions for autonomous and electric vehicles. Investment pockets lie in the areas of safety elements, luxury vehicles, and the integration of advanced technologies, such as 5G networks and autonomous driving systems.

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Research Analysis

The Automotive Engineering Service Providers (ESP) market encompasses the design, development, fabrication, and integration of mechanical, electrical, and electronics elements for commercial vehicles. This includes the implementation of 5G networks and advanced technologies such as autonomous and electric vehicles. ESPs focus on enhancing vehicle efficiency through the use of lightweight materials and fuel-efficient components. Collision avoidance sensors and connection sensors are essential mechanical and electrical features that ESPs incorporate into digital and connected vehicles. Software engineering and cybersecurity are critical aspects of ESP services, ensuring data analytics and secure communication between vehicles and infrastructure. The ESP market continues to evolve, offering innovative solutions to meet the demands of the automotive industry.

Market Research Overview

The Automotive Engineering Services Market encompasses a diverse range of offerings, including vehicle design, development, testing, and consulting services. These solutions cater to various sectors, such as body and chassis, powertrain, electronics, and software. ESPs employ cutting-edge technologies like CAD, CAE, and CAM to create efficient, safe, and eco-friendly vehicles. They also focus on regulatory compliance, ensuring that vehicles meet stringent safety and emissions standards. Additionally, ESPs provide services related to vehicle connectivity, autonomous driving, and electric powertrains, reflecting the industry’s ongoing evolution. The market is driven by factors like increasing vehicle production, growing demand for advanced technologies, and stringent regulations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationIn-houseOut-sourceProduct TypePowertrainComplete VehicleElectrical/electronicsOthersGeographyEuropeAPACNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio