June 19 (Reuters) - Business payments firm Corpay ( CPAY )

said on Wednesday it would acquire GPS Capital Markets

as it looks to scale its corporate payments business to nearly

$2 billion by 2026.

Corpay ( CPAY ) said it would process cross-border payments for about

23,000 customers in more than 145 currencies across six

continents following the deal.

The deal is expected to close in early 2025, and would be

accretive to 2025 cash earnings per share. The company also

reiterated its annual forecasts.

Atlanta, Georgia-based Corpay ( CPAY ) cut its annual profit forecast

in May against the backdrop of unfavorable foreign exchange and

higher interest rates.

"We're quite excited about GPS' assets including a blue-chip

roster of clients, a team of terrific FX specialists, and a

market leading FX netting technology," said Corpay's ( CPAY ) Chief

Executive Officer Ron Clarke in a statement.