04:58 PM EST, 02/03/2025 (MT Newswires) -- Corpay ( CPAY ) said Monday it agreed to acquire Gringo, a leading vehicle registration and compliance payment platform in Brazil.

Gringo has an annual revenue growth rate exceeding 30%, the company said.

Financial terms weren't disclosed.

The transaction is set to close towards the end of Q1 2025, subject to regulatory approval, Corpay ( CPAY ) said.