CD Auctions, based in Corby, has been acquired by Arctos Holdings, owners of SMH Fleet Solutions and Hudson Kapel.
The deal follows Actos Holdings’ recent £16 million investment in their new 40,000 sq.ft. facility on Thurleigh Airfield Business Park in Bedfordshire.
The Arctos group is one of the UK’s largest providers of services for vehicle manufacturers, franchise vehicle dealerships, leasing and rental companies and vehicle fleet providers of all sizes.
Hudson Kapel is already a leading remarketer of nearly new damaged vehicles and along with SMH Fleet Solution, the combined group has become one of the UK’s leading providers of services to the motor industry.
The combination of services now offered by the Arctos Holdings group moves the supply of services to its customers to a new level, it says. From vehicle management, logistics, refurbishment and storage to licence checking and securities, the combined group now offers a range of services to the motor industry.
Martin McAuley (pictured), managing director of the Arctos Holdings, said: “We are building a unique portfolio of high quality services so we can continue to offer significant value to our existing customers as well as attracting new clients.
“The acquisition of the CD Auction will add yet more value to our customers as well as providing an enhanced platform for service development and growth.”