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PublishedOctober 14, 2022
Wex laying off 150 employees worldwide as it prepares for ‘next phase of growth’
The Portland-based payment technology company said 30 of the job cuts are taking place in Maine.
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PublishedApril 1, 2022
Wex severs ties with Russian oil company Lukoil North America
The Portland firm had continued doing business with a subsidiary of Russian-based Lukoil after the invasion of Ukraine, but changed course on Friday.
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PublishedMarch 7, 2022
Wex and Idexx won’t say whether they’ll suspend doing business in Russia
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.
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PublishedOctober 12, 2021
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.
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PublishedFebruary 24, 2021
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.
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PublishedOctober 29, 2020
Wex reports drop in revenue and income
The pandemic continues to constrain growth for the Portland-based company.
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PublishedOctober 12, 2020
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.
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PublishedJune 29, 2020
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.
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PublishedApril 15, 2020
Wex announces layoffs, furloughs affecting 5% of its workforce
Business has slowed abruptly for the Portland-based payment-processing technology firm, whose CEO bought and sold thousands of company shares 2 days before the price started falling.
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PublishedMarch 16, 2020
Maine employers send workers home, make drastic changes
The coronavirus is forcing large Portland-area businesses to adopt new rules to keep workers healthy and business humming.
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