- Pictured above is Adam Harley, Santander Consumer UK’s Sales Director: “Accelerate Santander’s growth strategy”.
SANTANDER Consumer Finance (SCF) has acquired fleet management specialist CLM Fleet Management.
The funder said that the strategic deal marked a significant milestone in its growth and expansion plans within the UK leasing sector.
It add that the acquisition was in line with Grupo Santander’s Europe-wide initiative to position Santander as a major provider of contract hire to fleets operating company cars.
CLM has over 40 years’ experience in managing fleets of cars and commercial vehicles for corporate customers. It also provides a range of products to the leasing broker sector, such as vehicle storage and allocation services and pay-as-you-go maintenance, highlighted in its partnership with Broker News.
“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 is 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.”
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
