Traxall International – the sister company of Fleet Operations – has acquired Fleet Logistics Group from its shareholders Volkswagen Financial Services and TÜV SÜD for an undisclosed sum.
The combination of the two groups will create one of Europe’s largest independent mobility and fleet management providers with around 400,000 contracts under management.
Ross Jackson, CEO of Traxall International and Fleet Operations, said: “We have long-standing respect and admiration for the Fleet Logistics business and its people, so we are delighted to be able to announce this deal today which will bring together the two market leaders.
“This is a great news story for our combined people and our customers.”
He added: “While we remain independent businesses for now, we expect the future synergies, investment plans and increased global footprint from this deal will deliver even greater value and service for our customers wherever they are in the world.
“At a time when TCO (total cost of ownership) is increasingly destabilised due to market dynamics, economic and geo-political issues, the strength of the unique controls and stability which both Traxall International and Fleet Logistics bring, will continue to drive efficiencies, and sustainably protect our customers’ cost bases and strategies.”
Fleet Logistics currently provides outsourcing solutions for fleet and mobility management across 20-plus European countries out of 12 owned and three partner offices.
Steffen Schick, CEO of Fleet Logistics Group, said: “We are thrilled to work with our new colleagues at Traxall International on bringing a whole new level of innovation to fleet and mobility management.
“I sense there is an overwhelming willingness to identify the best of both worlds and take it to the next level. This is what the market is expecting from us and the whole Fleet Logistics team will embrace this opportunity.”
Together, Traxall International and Fleet Logistics say they want to shape the future of outsourced mobility management by creating actionable insights on mobility offerings, launching innovative services, and keeping mobility costs under control.
The completion of the transaction is subject to approval by the relevant regulatory authorities.
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Gareth has more than 20 years’ experience as a journalist having started his career in local newspapers in the 1990s. Prior to joining Fleet News in 2008, he worked in the public sector as a media advisor and is currently news editor at Fleet News.
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