Fleet management and software provider TR Fleet has been acquired, in part, by European fines management and automotive IT specialist Safo Group.
The Italian business has purchased a 75% stake in TR Fleet, which began trading in 2010.
Key to the merger was TR Fleet’s DriveSecure software package, which will be developed by Safo and sold across Europe.
Julie Summerell, managing director of TR Fleet, said: “I needed a partner that had a similar vision and a commitment to driver safety and would help me develop DriveSecure into the hub that I always thought it could be.”
Read the full story following our exclusive interview with Summerell and Safo Group CEO Dr Elpidio Sacchi in the next edition of Fleet News.
More articles on:
Matt has been an automotive journalist for eight years. As senior staff writer he is responsible for the automotive content on Fleet News and also contributes to Automotive Management. Prior to this, Matt worked in the automotive industry for 10 years.
Login to comment
Comments
No comments have been made yet.