July 25, 2024
News

TraXall International completes acquisition of Fleet Logistics Group

TraXall International has completed the acquisition of Fleet Logistics Group from its previous shareholders Volkswagen Financial Services and TÜV SÜD.

This acquisition, announced in December 2023, has been finalized after obtaining all necessary regulatory approvals.

The merger between these two organizations creates one of Europe’s largest independent providers in mobility and fleet management, overseeing approximately 400,000 contracts.

CEO of TraXall International, Ross Jackson, expressed his excitement about the successful acquisition of Fleet Logistics Group and looks forward to meeting and collaborating with new colleagues.

He emphasized the importance of cost control in the current environment of rising total cost of ownership (TCO) and stated the commitment of TraXall International and Fleet Logistics to help customers manage costs effectively.

The combined client base of the merged entity includes a variety of prestigious companies operating in local and international markets.

CEO of Fleet Logistics Group, Steffen Schick, praised the completed acquisition and expressed eagerness to shape the future strategy of the unified business.


FAQs

Question 1: What was the acquisition announced in December 2023?

Answer: The acquisition was the purchase of Fleet Logistics Group by TraXall International from its previous shareholders.

Question 2: What is the joint client portfolio of the merged organization?

Answer: The joint client portfolio includes numerous prestigious companies operating in local and international markets.

Conclusion

The completion of the acquisition of Fleet Logistics Group by TraXall International marks a significant milestone in the mobility and fleet management industry. The combined expertise and resources of the two organizations position them as leaders in cost control and customer service, benefitting a diverse client base.

Leave a Reply

Your email address will not be published. Required fields are marked *