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Global Vehicle Group acquires Fleet Alliance, brings total funded value to £2.5bn

After the acquisition, Global will have an aggregate fleet of more than 70,000 vehicles.

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B2B vehicle supplier Global Vehicle Group has acquired Fleet Alliance, a leasing broker and fleet management business.

Fleet Alliance is based in Glasgow, and primarily focuses on small and medium enterprises (SMEs), providing leases and fleet management services, using proprietary technology.

The firm currently manages a fleet of more than 30,000 vehicles, offering fleet management tools and driver support through a mobile app.

It joins Global Vans, XLCR, and LCV Group, the existing members of Global Vehicle Group.

The acquisition allows Global to cover the entire B2B market, from single customers, to fleets of more than 1,000 vehicles.

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The enlarged business will have annual volumes of around 18,000 units and an aggregate fleet size of more than 70,000 vehicles, with a total funded value of over £2.5bn.

Andrew Hurst, CEO of Global Vehicle Group, said: “We are immensely proud to welcome Fleet Alliance into the Global Vehicle Group.

“Fleet Alliance’s core area of expertise in the SME and larger corporate space will give GVG complete coverage of the B2B sector and will complement the existing group businesses perfectly.

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“Whilst each business shares the same philosophy of creating a positive and supportive team culture and a focus on outstanding customer experience, there will be significant areas where the power of the enlarged group can be leveraged in terms of best practice and providing a wider range of products and services to our customers.”

Each company in the group will continue to operate independently, with individual brand identities and management teams.

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Fleet Alliance’s salary sacrifice schemes will now be offered to customers across Global Vehicle Group.

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Martin Brown (pictured), chair of Fleet Alliance, said: “We are delighted to become part of the Global Vehicle Group family.

“We have the utmost respect for Global Vans, XLCR and the LCV Group and we look forward to working alongside them to continue the development of the Fleet Alliance business as part of the largest B2B focused leasing broker in the UK.”

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