Fleet News

Newcourt in £10m takeover of Pride

NEWCOURT Automotive Services has increased its fleet size to more than 11,000 units after acquiring the vehicle and leasing business of Pride Management Services. The deal, valued at more than £10 million, brings more than 1,000 contract hire and 100 fleet managed vehicles into Newcourt's business, which already had more than 10,000 vehicles.

It will take control of Pride Vehicle Contracts, based in Watford, and Baker Vehicle Contracts in South Wales. Client names have not been revealed. Colin Tourick, managing director of Newcourt Automotive Services, said: 'We have bought the rights to the names of the companies, but we will be looking to rebrand them with Newcourt as quickly as possible. We will also be bringing the service and cost benefits of a larger company to clients.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee