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July 12, 2010updated 12 Apr 2017 4:21pm

Cassiopae acquires French fleet management software company

Asset finance software provider Cassiopae has bought a 100% share of fleet management software firm InfoParc from former owner Europ Assistance, a subsidiary of Italian financial services group Generali.

By Antonio Fabrizio

Asset finance software provider Cassiopae has bought a 100% share of fleet management software firm InfoParc from former owner Europ Assistance, a subsidiary of Italian financial services group Generali.

The acquisition of Paris-based InfoParc, which had revenues of €1.5m in 2009, will add fleet management expertise to Cassiopae’s capabilities in the general asset finance sector.

Cassiopae president Emmanuel Gillet said: “There are numerous synergies between InfoParc and Cassiopae. The acquisition enables us to share resources very quickly and allows us to provide to our customers our combined product offering for vehicle finance and fleet management.”

InfoParc MD Patrick Guillou added: “For InfoParc, being part of Cassiopae strengthens our ability to respond quickly to market demands and to address the increasingly global requirements for fleet management solutions.”

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