TraXall International has successfully completed its acquisition of Fleet Logistics Group from previous shareholders Volkswagen Financial Services and TÜV SÜD. The deal, originally announced in December 2023, was finalized after obtaining regulatory approvals. This merger creates one of Europe’s largest independent mobility and fleet management providers, with a combined management capability of around 400,000 contracts. This comes at a crucial time as businesses face increasing costs and volatile TCO. The amalgamated entity aims to help clients handle cost pressures, especially amid challenges like EV residual value issues and broader economic and geopolitical conditions. Both CEO Ross Jackson of TraXall and CEO Steffen Schick of Fleet Logistics have expressed enthusiasm about future strategies and the joint client portfolio.

Mobility Solutions, Automotive Financial Services, Business Services,Europe, Germany

https://mergersacquisitions.einnews.com/article/723773442/CqYaUkd4kq4UEoiN?ref=rss&ecode=Q1vNcweEggLWKz7L