PDI Technologies acquires Comdata Merchant Solutions to enhance POS services
- PDI Technologies has acquired Comdata Merchant Solutions, enhancing its POS capabilities.
- The acquisition includes POS hardware and software for truck stops and fueling locations.
- PDI aims to provide better value for convenience retailers and their customers through this strategic move.
On December 2, 2024, PDI Technologies, a leader in providing solutions for the convenience retail and petroleum wholesale sectors, announced its acquisition of Comdata Merchant Solutions from Corpay Inc. located in Atlanta, USA. This acquisition includes essential Point of Sale (POS) hardware, software, and systems crucial for transactions at truck stops and commercial fueling locations. PDI Technologies aims to extend its international presence in North America by enhancing its existing POS offerings, which are noted for their versatility in serving both fuel retail and convenience sectors. The move highlights PDI's commitment to delivering advanced POS solutions. As PDI integrates the assets and technology from Comdata, it positions itself to create a more comprehensive solution for convenience retailers. By becoming an approved provider of Comdata transactions within its POS solutions, PDI anticipates increased operational efficiency and superior services benefiting both retailers and their customers. Despite the acquisition, Comdata retains control over its fuel card and payment acceptance business, which serves commercial fleets. This separation allows Comdata to continue supporting the truck stop payment acceptance network while PDI enhances the technological offerings at these locations. The acquisition aims to bolster growth and advances in technology for the trucking industry's POS service needs. As the industry witnesses a transformative phase with PDI’s strategic investment, the joined forces of PDI and Comdata’s Merchant Solutions are expected to yield significant value. Both companies see an immense potential in this partnership, with PDI's President Sid Gaitonde and Comdata’s President Randy Morgan expressing optimism for the future. With financial advisory support from Berenson & Company, LLC, this acquisition marks a pivotal development in the payments and POS landscape.