Electronic Funds Source LLC has acquired T-Chek Systems Inc. from C.H. Robinson Worldwide Inc. for $302.5 million.

Eden Prairie, Minn.-based T-Chek provides services that help companies manage corporate expenses.

Electronic Funds Source, headquartered in Ogden, Utah, creates and manages payment services for the transportation industry.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.