SGFLEET has acquired the Motiva Group, a UK provider of contract hire, short-term rental and fleet management services.
The acquisition follows that of Fleet Hire in August and builds further on the platform already in place. Together, Motiva, Fleet Hire and sgfleet enter the Top 20 segment of the UK contract hire market.
sgfleet also operates in New Zealand and Australia, where is it listed on the Australian Securities Exchange.
sgfleet’s UK MD, David Fernandes, said: “Motiva is an excellent addition to our UK operations. It brings further skills in the specialist light commercial vehicle segment and daily rental operations as well as an increased footprint in the contract hire market.”
Peter Davenport, managing director of Motiva Group, said: “I am excited about taking the business forward and the investment sgfleet brings.
“Their strategic plans in the UK presented an exciting opportunity for the team at Motiva and will add value to the service proposition for our customers.”
David Fernandes added: “I am delighted that Peter Davenport has chosen to remain with the business and help deliver our strategic plans in the UK. Furthermore, we are very pleased with the acquisition of Fleet Hire and the progress on the integration to date.”
Just one week ago, the Fleet Hire and sgfleet teams moved in under one roof in the Midlands at Hampton-in-Arden.
Fleet Hire chief executive Graham Hale echoed Mr Davenport’s sentiments, adding: “Since joining the sgfleet family in August, we have made significant progress with our customers and our product offering. Motiva will undoubtedly contribute and benefit further from this trend.”
Peter Wright and Matt Hill are also continuing in key roles at Motiva Group and, together with Peter Davenport, add further bench strength and knowledge to sgfleet’s UK team.