Eurowag | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Founded just over 25 years ago, Eurowag is a leading pan-European integrated payments & mobility platform focused on the commercial...


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Founded just over 25 years ago, Eurowag is a leading pan-European integrated payments & mobility platform focused on the commercial road transportation industry. The company offers a range of solutions including fuel cards, toll services, fleet management, and tax refunds, aimed at simplifying operations for millions of commercial drivers and operators across Europe. Eurowag combines payments solutions with seamless technology and high-quality customer service, representing a diverse workforce of over 1000 individuals from more than 30 nationalities.

Website
Size
1001-5000 employees
Industry
Financial Services
Specialities
Fuel cards, Tolls, VAT refunds, tunnel, Payment solutions for road transport, Fuel & toll management for Freight Forwarding companies, Fleet cards, Telematics

🛍️ Eurowag Product and Pricing News →

👔 Eurowag CEO, Management and Leadership Team →

⚔️ Eurowag Alternatives and Competitors →

💼 Eurowag Hiring and Layoffs →

🤖 Eurowag Developer, Integration and Automation News →

📈 Eurowag Financials, Fundraising and Valuation News →

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🛍️ Eurowag Product and Pricing News

  • In 2024, Eurowag launched the industry's first integrated platform and piloted AI-driven solutions to enhance fleet management efficiency.
  • Eurowag expanded its CO2-based toll tariff optimization assistance from Germany and Austria to all of Europe, and added the Øresund Bridge to its EETS solutions coverage.
  • Eurowag has introduced a new focus on smart fleet management by combining telematics and fuel cards.
  • Eurowag has launched Eurowag Pay, a mobile payment solution for fuel purchases, available in 13 countries and covering 2,000 stations, with plans to expand to over 5,000 stations by the end of 2025.
  • Eurowag has launched the Eurowag Prime Network, featuring over 90 strategically located fuel stations with optimized pricing and plans to expand by up to 100 stations annually.

  • Eurowag now offers sustainable HVO fuel at 5 stations in its network, as announced by their ambassador Oti Cabadas.
  • Eurowag introduced the Enhanced Vehicle Assistant (EVA) to integrate toll solutions, fleet tracking, and fraud prevention, helping reduce fuel costs by up to 20%.
  • Eurowag now offers bioLNG at its Kozomin and Modletice truck parks in the Czech Republic, enhancing its sustainability efforts.

👔 Eurowag CEO, Management and Leadership Team


⚔️ Eurowag Alternatives and Competitors

  • Ingenico
  • |
  • Adyen
  • |
  • Verifone
  • |
  • 4Trans Factoring
  • |
  • CarPay-Diem
  • |
  • Paua
  • |
  • euload.com
  • |
  • ages.de
  • |
  • untrr.ro
  • |
  • timocom.ro
  • |
  • Sixfold
  • |
  • 3C Payment
  • |
  • Parametric
  • |
  • UNIONTANK Eckstein GmbH & Co. KG
  • |
  • E100 System
  • |
  • TollNet

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💼 Eurowag Hiring and Layoffs

  • Martin Strigac has left Eurowag, where he served as Chairman of the Board in Slovakia, to become Chief Executive Officer at WESTech spol. s r.o.
  • Eurowag appoints Board member Steve Dryden as the next Chairman of the Board of Directors.
  • Paul Manduca will step down as Chairman of Eurowag after the AGM on January 22, 2025, with Steve, currently a Non-Executive Director, set to succeed him.
  • Ivan Jakúbek's role at Eurowag has been expanded to Chief Product and Strategy Officer.
  • Eurowag's VP of Data & Digitalisation, Václav Dorazil, shared insights from a recent management team retrospective on agile project management, emphasizing immediate planning, stakeholder engagement, and iterative processes.

  • Eurowag is actively hiring for multiple roles across various departments including Tech, Finance, and Sales in locations such as Prague, Bratislava, and Bucharest.
  • Eurowag is hiring a Customer Care Coordinator in Pančevo, Vojvodina, Serbia.
  • Oskar Kowalczyk has started a new role as Operations Trainer and Communication Specialist at Eurowag.

🤖 Eurowag Developer, Integration and Automation News

  • Eurowag has partnered with Van Kessel to expand its fuel card acceptance to the Greenpoint truck network in the Netherlands, offering sustainable fuel options like HVO 100, LNG, and H2.
  • Eurowag has partnered with Milence to allow their fleet card to be used at all Milence truck charging stations, marking a significant step in CRT decarbonisation.
  • Eurowag strengthened its data and SAP teams, built new technologies, and advanced its enterprise architecture in 2024, according to Václav Dorazil, VP of Data & Digitalisation.
  • Eurowag's major client TARGOR-TRUCK Sp. z o.o. not only uses their fuel cards for bioLNG but will soon supply bioLNG to Eurowag's stations in Modletice and Kozomín.
  • Eurowag supports Sygic's growth and innovation as a leading technology partner in the European commercial road transport sector.


📈 Eurowag Financials, Fundraising and Valuation News

  • Eurowag's stock fell 9.5% due to warnings of a weaker macroeconomic outlook in Europe and lower free cash flow forecasts, despite analysts noting potential for long-term growth.
  • Eurowag published its unaudited trading statement for 2024, highlighting the start of the phased rollout of its integrated platform.
  • Eurowag has nearly doubled its business size since its 2021 IPO, driven by increased adoption of its services by European transporters, according to Ivan Jakúbek, Chief Product & Strategy Officer.
  • Eurowag anticipates higher revenues in Q4 and fiscal 2024, with fiscal 2025 results expected to align with 2024 expectations despite a challenging European economic outlook.
  • Eurowag's estimated total number of active trucks increased from ~74,541 to ~74,578.

  • Eurowag's estimated total number of active trucks decreased from approximately 68,351 to 62,161.
  • Eurowag noted that the profit margin in Hungarian road transport, previously around 3-5%, may have decreased further recently.

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