TraXall International announced today the acquisition of Fleet Logistics Group from its shareholders Volkswagen Financial Services and TÜV SÜD for an undisclosed sum.

According to a statement by the company, the combination of the two groups will create Europe’s largest independent mobility & fleet management provider with around 400,000 contracts under management. Its client portfolio includes many of the most prestigious fleets in the industry, in both local and global markets. The completion of the transaction is subject to approval by the relevant regulatory authorities.

Ross Jackson, CEO of TraXall International, 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. 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 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.”

Steffen Schick, CEO of Fleet Logistics Group added: “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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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 will be in a unique position to shape the future of outsourced mobility management by creating actionable insights on mobility offerings, launching innovative services, and keeping mobility costs under control.