WEX, a financial technology services company that is the second-largest public company in Maine, plans to pull up stakes in South Portland by 2022.
The $1.7 billion company, which has 1,000 employees in six buildings in South Portland and 4,900 workers worldwide, said Thursday that it plans to relocate its remaining South Portland operations to a 200,000-square-foot employment center at The Downs in Scarborough by spring 2022.
The company last year moved its headquarters to downtown Portland, and plans to move more employees to a second location behind that building this September, a company spokesman said. Those two buildings can accommodate a total of 1,000 employees.
The new Scarborough location can hold 1,200 workers. WEX plans to break ground in 2020 with employees expected to move in by the spring of 2022.
That will leave South Portland without one of its largest businesses and with six empty buildings to fill. WEX leases all of its space.