WEX
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PublishedJuly 27, 2023
Wex will invest $100 million in the future of electric vehicles
The strategy might seem like a shift for the Maine-based payment processing company, but it's long been involved in the EV industry.
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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 26, 2022
Wex continues business ties with Russian oil giant Lukoil, target of boycotts in mid-Atlantic states
Sanctions experts are divided on whether the South Portland-based firm’s actions undermine the effort to punish Vladimir Putin.
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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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PublishedOctober 7, 2021
Portland-based Wex mandates vaccinations for all in-office workers
The policy comes a few weeks before a federal rule requiring vaccinations or weekly COVID tests for workers at large companies is to take effect.
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PublishedJuly 29, 2021
Wex shelves plans for Scarborough office, citing trend toward remote work
The Portland-based company had planned to expand into a new $50 million building at the site of the former Scarborough Downs.
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PublishedApril 29, 2021
Portland’s Wex continues to recover from impact of pandemic
The payment technology firm reported modest revenue and earnings declines for the first quarter of the year.
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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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