The acquisition comes only weeks after Venson secured its biggest yet (£53 million) contract to handle the repair and maintenance of the Metropolitan Police Service's fleet of 3,500 vehicles. It will further boost Venson's fleet of about 10,000 vehicles, adding a wider range of contract hire vehicles to the company's fleet. Venson late last year secured the backing of the Canadian Imperial Bank of Commerce which has acquired 32% of the Venson Group, giving it the extra financial support it needed to win major contracts.
Venson set for buyout of Midlands-based hire firm
06/01/1999 in NEWS