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Eurowag, is a Czech business which processes freight and road payments across Europe. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[3][4]

History

The company was founded by Martin Vohánka as a petroleum trader in the Czech Republic as the W. A. G. Group in 1995.[5] It launched its payment services platform, which operated under the trade name of Eurowag, in 2000.[6] As of May 2021, the company was owned 59.1% by Vohánka and 32.7% by TA Associates.[7]

The company was listed on the London Stock Exchange (LSE) in October 2021.[8][9][10] The flotation badly “misfired” reducing the company’s valuation from the value predicted of £1.4 billion[11] to just £0.7 billion.[12]

In April 2022, it collaborated with a Fintech company, Factris, to offer Eurowag Cash that enables customers to factor their customer invoices.[13]

In November 2022, the company acquired telematics business WebEye.[14] In October 2022, it acquired Inelo Group, a Polish business developing fleet management software.[15]

In September 2025, Eurowag’s LSE ticker changed from WFS to EWG.[16]

Operations

The company processes fuel and toll payments for heavy goods vehicle drivers across Europe, and offers fleet management, compliance and telematics services.[17][18]

As at September 2025, 313,000 trucks were using its software.[19]

References

  1. ^ a b c d e “Annual Results 2025” (PDF). Eurowag. Retrieved 25 March 2026.
  2. ^ “Our People”. Eurowag. Retrieved 10 February 2025.
  3. ^ “Meggitt (UK): Constituent Deletion – Update Changes in FTSE UK Index Series”. FTSE Russell. 8 September 2022. Retrieved 8 September 2022.
  4. ^ “Frasers to finally return to FTSE 100, replacing outbound Meggitt”. Morning Star. 8 September 2022. Retrieved 12 September 2022.
  5. ^ “Listings have a real sinking feeling”. The Times. 9 October 2021. Retrieved 8 September 2022.
  6. ^ “Prospectus” (PDF). W. A. G. Payment Solutions. Archived from the original (PDF) on 12 September 2022. Retrieved 8 September 2022.
  7. ^ “TA Associates plans London IPO of $2 billion Czech payments firm Eurowag”. Reuters. 27 May 2021. Retrieved 8 September 2022.
  8. ^ “Payment group Eurowag slides on stock market debut”. The Times. 9 October 2021. Retrieved 8 September 2022.
  9. ^ “Transport payment platform Eurowag to go public in London”. Silicon Republic. 13 September 2021. Retrieved 8 September 2022.
  10. ^ “Lack of truck drivers spikes Eurowag’s price”. Tech Smart. 30 September 2021. Retrieved 8 September 2022.
  11. ^ “Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London”. City AM. 27 May 2021. Retrieved 26 September 2025.
  12. ^ “Eurowag flotation misfires slashing value by £700m”. The Times. Retrieved 26 September 2025.
  13. ^ “Factris partners with Eurowag to launch new financial product”. The Paypers. 29 March 2022. Retrieved 8 September 2022.
  14. ^ “Allen & Overy and Satori, Lutter and Partners Advise on Eurowag’s Acquisition of WebEye Telematics”. CEE Legal Matters. 10 December 2021. Retrieved 21 September 2023.
  15. ^ “White & Case advises Eurowag on €306 million acquisition of Inelo”. White & Case. 25 October 2025. Retrieved 26 September 2025.
  16. ^ Change of ticker symbol to EWG London Stock Exchange 4 September 2025
  17. ^ “Eurowag shares fall as conditional dealings begin in London”. Morning Star. 8 October 2022. Retrieved 8 September 2022.
  18. ^ “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.
  19. ^ “Eurowag Posts Strong H1 2025 Results with 15% Revenue Growth and Reduced Leverage”. Josh Thompson. 4 September 2025. Retrieved 26 September 2025.