INNOVEX, the pharmaceutical company, has awarded the contract to supply and manage its entire 2,200-strong fleet to PHH Vehicle Management. The outsourcing contract will include acquisition and disposal services, maintenance management and PHH's driver services package.

Innovex is believed to have abandoned its own in-house fleet management in favour of the outsourcing option, but is remaining tight-lipped about the details. Michael Reeve, Innovex's head of purchasing, said: 'After a thorough review and a detailed tendering process it was clear that PHH was the most appropriate fleet outsourcing partner for Innovex.'