The Maine-based companies will say only that they will abide by the sanctions imposed by the U.S. and Europe because of the invasion of Ukraine.
WEX
Posted inLocal & State, Nation & World, Uncategorized
Outgoing Portland police chief will take over as security director at Wex
Chief Frank Clark has accepted a position as director of global security at Wex and will start later this year, the company said Tuesday.
advertisement
Posted inBusiness, Local & State
Portland-based Wex mandates vaccinations for all in-office workers
The policy comes a few weeks before a federal rule requiring vaccinations or weekly COVID tests for workers at large companies is to take effect.
Posted inBusiness, Local & State
Wex shelves plans for Scarborough office, citing trend toward remote work
The Portland-based company had planned to expand into a new $50 million building at the site of the former Scarborough Downs.
Posted inBusiness, Local & State
Portland’s Wex continues to recover from impact of pandemic
The payment technology firm reported modest revenue and earnings declines for the first quarter of the year.
Posted inBusiness, Local & State
Portland’s Wex reports virus-related financial woes in 2020
Wex, one of Maine’s largest tech firms, reported a drop in revenue and profits for the year, which it attributed largely to the coronavirus pandemic.
Posted inBusiness, Local & State
Wex settles lawsuit, buys companies in UK at reduced price
The Portland company was sued after it pulled out of a $1.7 billion purchase of the two companies, but wound up buying both for a third of the original price.
Posted inBusiness, Local & State, News
Wex reports drop in revenue and income
The pandemic continues to constrain growth for the Portland-based company.
Posted inBusiness, Local & State
British court issues ruling favorable to Wex in UK lawsuit
The Portland-based company wants out of a $1.7 billion deal to buy 2 British firms, citing the negative effects the coronavirus pandemic has had on their value.
Posted inBusiness, Local & State, News
Portland-based Wex secures $400 million private investment
The investment by New York-based private equity firm Warburg Pincus LLC will help Wex navigate ‘the current uncertain operating environment,’ it said.