Fleet Mobility Today June 27, 2024
Following clearance by all relevant regulatory authorities,TraXall International announces the completion of the acquisition of Fleet Logistics Group from its shareholders Volkswagen Financial Services and TÜV SÜD.
The combination of the two organizations creates Europe’s largest independent mobility and fleet management provider with some 400,000 contracts under management. Its joint client portfolio includes many of the world’s leading companies, in both local and global markets.
“We are delighted that the significant acquisition of the Fleet Logistics Group has been successfully completed and we are hugely excited for what the future holds. One highlight for me will be meeting and getting to know our new colleagues over the coming weeks and months," says TraXall International CEO Ross Jackson (pictured above).
At the same time, now the real work starts together – to expand on our mutual strengths, invest in future-facing systems, understand synergies and efficiencies, all of which leads to building and delivering the best of the best experiences for our customers and our people, advancing the future of fleet and mobility management.
The completion of this deal also couldn’t happen at a better time, according to the executive, expressing that it is widely reported that businesses are seeing substantial cost increases, particularly across their fleets, as Total Cost of Ownership (TCO) remains volatile in the face of EV residual value challenges and market dynamics.
In attempts to counter this, we are seeing our customers (and the wider market) recognizing the need to adopt new practices to control costs as it is no longer enough to pull the same levers to create cost improvement, Mr. Jackson said in a company release, adding that TraXall International and Fleet Logistics remain uniquely positioned to help their customers do exactly this.
Fleet Logistics Group CEO Steffen Schick added: “We are thrilled that the acquisition of Fleet Logistics Group has been completed and are eager to shape the future strategy for the combined business...Together, we have what it takes to shape our industry.”
In the Americas, TraXall is present in seven countries throughout Latin America. Worldwide, it is supporting fleet management in more than 30 countries.
