European fleet management company Fleet
Logistics has entered a strategic partnership with international
technical services corporation TÜV SÜD and its German fleet
management subsidiary, FleetCompany.

The aim of the partnership is to create a
combined international fleet management business with more than
200,000 fleet vehicles. The partnership with subsidiary
FleetCompany is part of a bid to offer a “pure fleet management
solution” to companies looking to self-finance or purchase
outright, rather than lease, added Fleet Logistics.

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The new partnership will initially create
a fleet management group with more than 100,000 vehicles under
management, split between Fleet Logistics’ 75,000 vehicles across
Europe, and FleetCompany’s 25,000 in Germany.

Operations and back office functions will
be combined, while sales and account management will remain
separate.

Fleet Logistics CEO Peter Soliman, who
will manage the business, said: “We are very excited by the
possibilities that this new venture opens up on an international
fleet level, with potential new markets in Asia and Australia, as
well as reinforcing our fleet management offering in our
established markets in Western and Central Europe.”

The partnership will provide an extended
service portfolio, and infrastructure to support global reporting.
It is also aimed at improving operational quality through focus on
process, as well as offering insight into other areas of the value
chain.

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Soliman added: “TÜV SÜD global
infrastructure combined with the partnership’s technological
capabilities allows us to provide global transparency and fleet
services to our clients. The fit is perfect.”

Fleet Logistics will not be changing its
business model or focus, and will continue its current
relationships with leasing companies.

TÜV SÜD, head-quartered in Munich, employs
about 16,000 people in about 600 locations, and in 2010, its
turnover was €1.5 billion.

claire.hack@vrlfinancialnews.com