Acquisition - Tagged Posts - Automotive Fleet

Morgan Acquires Canadian Truck Body Manufacturer

Morgan Truck Body and its subsidiary, Morgan Canada Corporation, have acquired Multivans to increase its market share and growth and aims to produce truck bodies that accommodate cargo of varying configurations.

Traditional Procurement Incentive Plans Are Counter-Productive to Good Fleet Management

Management must develop remuneration policies and incentive plans encouraging procurement to cooperatively work with in-house fleet leadership to support attainment of larger strategic goals allowing fleet to cost-effectively fulfill its corporate mission.

PSA Group to Acquire GM's European Operations

PSA Group has reached an agreement with General Motors to purchase GM’s European operations — which include the Opel and Vauxhall brands, as well as GM Financial’s European operations — for 2.2 billion euros.

Continental Invests in Zonar

Continental has acquired a majority stake in Zonar, the fleet management technology provider.

Australia's SG Fleet Acquires FMC

SG Fleet has acquired Solihull-based contract hire, fleet management and salary sacrifice specialist, Fleet Hire.

Daimler Financial Services Acquires Athlon

Daimler Financial Services has announced a strategic investment into the growth of its fleet management and has signed an agreement to purchase Athlon Car Lease International B.V. for the amount of € 1.1 billion (U.S.$1.2 billion).

MRO Company Purchases Canadian Fleet Specialist

Lawson Products, Inc., a distributor of products and services to the MRO marketplace, has acquired F.B. Feeney Hardware in Mississauga, Ontario, Canada. The transaction closed in early May.

Cox Automotive Gains Majority Stake of Molicar

Cox Automotive has acquired a majority shareholding in Molicar, Brazil's vehicle valuations business.

Fleet Purchased to Fuel Growth of Western Australia Transport Company

Transport company McAleese has announced the purchase of Forrestfield logistics company, WA Freight Group, in a share sale and purchase agreement worth AUS$15.4 million.

WABCO Acquires Belgian Fleet Management Company

WABCO Holdings Inc., a global technology company and tier-one supplier to the commercial vehicle industry, announced that it acquired Transics International NV, a European provider of fleet management solutions headquartered in Ypres, Belgium.