Fleet services provider ARI has acquired the fleet management segment of Fleetlevel+ Services GmbH’s business holdings.
The new company, which will be known as ARI Fleet Germany will provide clients with enhanced fleet management solutions in both the German market and continental Europe.
The acquisition is ARI's second significant purchase in Europe in the past 18 months after it bought Fleet Support Group in the UK in December 2011.
ARI president Carl A Ortell said: “The acquisition of Fleetlevel+’s fleet management business supports our long term growth strategy and bolsters our already-strong offering in Europe, allowing us to better serve the needs of our customers throughout the Continent and beyond.
"This move will strengthen ARI’s ability to deliver the innovative, top-level fleet management services that we’ve become synonymous with.”
Chris Conroy, managing director of global operations at ARI, added: “This is a natural next step for ARI. We have been providing fleet management solutions in the UK since December 2011, with foundational values of transparency, partnership, and innovation. We will leverage this new opportunity in Germany to provide world-class services to both our existing multi-national customers and those with regional requirements in Europe.
"All of this will be underpinned by ARI’s continuing commitment to investing in people, processes, and technology.”
Stuttgart-based ARI Fleet Germany will offer a comprehensive range of fleet management services from August, when the acquisition transaction is expected to close. The business will be supported by ARI’s suite of fleet management solutions.