Full-service fleet management expert CLM Fleet Management has been bought by Santander Consumer Finance (SCF).
A major step forward in Santander Consumer Finance’s growth and expansion goals inside the UK leasing market has been reached with this key acquisition. The purchase is consistent with Grupo Santander’s plan to establish Santander as a supplier of contract hire to fleets driving corporate vehicles throughout Europe.
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CLM has managed automotive and commercial vehicle fleets for corporate clients for more than 40 years.
Adam Harley, Santander Consumer UK’s Sales Director stated: “Acquiring CLM Fleet Management allows us to significantly accelerate our growth strategy in the UK leasing market. By integrating CLM Fleet Management’s expertise and resources with our own, we are positioned to offer an expanded range of leasing solutions, catering to a broad customer base and enhancing our service capabilities.”
John Lawrence, CLM Fleet Management’s Chief Executive Officer added: “The CLM team are excited to be playing a key role in supporting Santander Consumer Finance’s growth within the UK Leasing sector through our comprehensive range of fleet management services. At the same time, we will continue to work closely with our supplier partners to ensure the highest levels of service are maintained for our existing customers.”
CLM Fleet Management is a prominent provider of comprehensive fleet management systems that handle commercial vehicles for business clients. CLM helps businesses of all sizes manage their fleets as affordably and efficiently as possible.
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By GlobalDataTheir personalised and comprehensive solutions assist businesses in streamlining fleet management, resulting in time and cost savings. In addition, they offer flexibility in their product offerings to guarantee that consumers receive the greatest possible assistance.
Company partnerships
Moreover, Carwow Group has acquired Gridserve Car Leasing from Gridserve, a British on-the-go electric vehicle (EV) charging company, for an undisclosed sum.
This move is part of Carwow’s strategy to “rapidly-accelerate” in the online car changing marketplace, with a particular focus on EV lease deals.
The acquisition marks Carwow Group’s second major business move in 2024, following the purchase of Autovia, an automotive content and commerce media company.
