The Miles Consultancy (TMC) has acquired Vertivia Holdings for an undisclosed sum, making it one of the biggest mileage capture and fuel data management companies in the UK.
The deal gives the Cheshire-based fuel management, data and audit business a combined portfolio of more than 350 large national and multi-national clients.
The move also sees Paul Miers joining TMC from Vertivia, which specialises in digital mileage management, as its chief data officer.
TMC’s managing director, Paul Hollick, said: “We are thrilled to acquire such a good company. We have been tracking Paul Miers and Vertivia for a number of years - both TMC and Vertivia have been active in a very similar space and we expect to achieve some great things by uniting the businesses; for the benefit of current and future customers.”
Hollick told Fleet News that Vertivia is a “great technology focused business”, with a “strong portfolio”.
“Mileage management is similarly at the heart of TMC and we will utilise the best of both platforms to further enhance our award-winning service,” he said.
“The acquisition of Vertivia forms part of our ongoing investment into tech, data and service as we expand the business, with a focus on European data-led mobility management.”
The acquisition comes in the wake of TMC launching a new fuel management solution for fleets with Shell Fleet Solutions, which combines Shell’s network of more than 3,800 filling stations with TMC’s technology and fuel management service.
It was also awarded supplier status on the Crown Commercial Service (CCS) framework to provide fleet data and risk management solutions, earlier this year.
The contract award was for TMC’s new product Data+, which consolidates, analyses and audits data from every fleet, fuel, telematics and travel expense category.
Paul Talbot, chairman of IFC Group, which includes Vertivia, said “Having jointly formed Vertivia in 2008 with customer service at its very heart, we are extremely proud of what we have achieved to date.
“The acquisition by TMC reinforces this central service ethos but will take the business to another level in terms of technological capability, geographical presence and product offering for the benefit of all.”