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Tuv Sud Acquires Fleet Reporting and Consulting Companies

May 18, 2015

Patrick Fruth (CEO, TÜV SÜD Auto Service), Hans Damen (Managing Director, TCOPlus), Left-Right: Rainer Laber (CEO, FleetLogistics Group), Bart Vanham (Managing Director, TCOPlus), Jürgen Immer (CFO, TÜV SÜD Auto Service). Photo: TUV SUD
Patrick Fruth (CEO, TÜV SÜD Auto Service), Hans Damen (Managing Director, TCOPlus), Left-Right: Rainer Laber (CEO, FleetLogistics Group), Bart Vanham (Managing Director, TCOPlus), Jürgen Immer (CFO, TÜV SÜD Auto Service). Photo: TUV SUD

TÜV SÜD Auto Service GmbH has acquired 100 percent of the shares of TCOPlus and its sister company, FleetVision, the global market-leaders in consolidated fleet reporting, TCO forecast solutions and international fleet consulting, based in Belgium.

The two companies are now 100 percent affiliates of TÜV SÜD Auto Service GmbH and operate within the company’s Fleet Business Unit alongside Fleet Logistics, TÜV SÜD’s European market-leading fleet management provider.
The two founders of TCOPlus, Bart Vanham and Hans Damen, will continue to act as managing directors.

TCOPlus currently holds contracts with major international clients and provides services to a combined fleet of around 120,000 vehicles, while FleetVision provides consulting services for fleet clients all over the world, according to the company.

TCOPlus provides global fleet owners with a transparent overview of the total cost of ownership and an insight into other key fleet data, including procurement opportunities. They provide complete transparency of existing fleet costs and offer realistic forecasts for the clients’ stakeholders. In addition, TCOPlus enables clients to simulate local and international fleet cost reductions in the company car tax systems of more than 30 countries internationally.

“The fleet management program of TÜV SÜD Auto Service supports our customers both on a local and an international level. By having the possibility to access the global network of TÜV SÜD affiliates in more than 70 countries worldwide, we are highly flexible in providing our customers with fleet services, both locally and globally,” said Rainer Laber, CEO of the Fleet Business Unit of TÜV SÜD Group. “As a certification and testing engineering company with a 150-year pedigree, TÜV SÜD stands for financial solidity and for a neutral position in this industry. Combining the DNA of both companies with our expertise will provide a platform to accelerate the growth of TCOPlus and FleetVision.”

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