Home Media News & press releases Edenred finalizes its alliance with Embratec ...

Press release

Development 01 June 2016

Edenred finalizes its alliance with Embratec in Brazil

The Group is stepping up its development in Expense Management and strengthening its fuel card and maintenance offering by doubling its size in this promising market.

Expense management

​In accordance with the agreement signed in January, Edenred finalized on May 31, 2016 the combination of its Expense Management assets in Brazil with those of Embratec in a joint venture 65%-owned by Edenred and 35%-owned by Embratec's founding shareholders, thereby creating a leading player in this fast-growing segment.

The entity created by the transaction will bring together Edenred's Ticket Car and Repom assets and Embratec's fuel card and maintenance activities, operated under the Ecofrotas and Expers brands. These businesses will be regrouped under the new Ticket Log brand.

The joint-venture will serve around 27,000 clients, representing more than one million active cards that can be used at more than 24,500 affiliated service stations and maintenance workshops, or 58% of Brazil's national network.
Embratec’s Salary Anticipation solutions will be also included in the scope of the new entity. All these assets will gradually be integrated starting in the next few days.
Thanks to this transaction, Edenred is doubling the size of its Expense Management business in Brazil to become the leading provider of fuel card and maintenance solutions for light vehicles and number two for heavy vehicles. With approximately 60 billion liters of fuel consumed in 2014 and a low penetration rate (between 15% and 20%), the Brazilian B2B fuel card segment holds significant potential for growth.

Edenred has also finalized the acquisition of Embratec's Employee Benefits business, developed under the Ecobeneficios brand.

This transaction is fully in line with Edenred's strategy of accelerating its development in Expense Management, its second growth driver, which is expected to account for 30% of total issue volume by 2017.


Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day. 
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

Read also

Press contacts


Media relations

By phone: +33 (0)6 83 54 12 10