Cox Automotive grows vehicle services offering with major acquisition
Cox Automotive has significantly expanded its vehicle services offering with the acquisition of 100% of the share capital of C Walton Ltd (CWL).
CWL offers a wide range of fleet management and vehicle services on a mass scale including new and used car vehicle preparation and reconditioning, defleet services including inspections and MOT, logistics and storage as well as a range of in-life services for cars, vans and trucks plus full support for electric vehicle handling.
The deal marks Cox’s biggest single UK acquisition and will form a major part of its future strategy, enabling it to significantly increase both the scale and scope of its whole-life vehicle service offering to clients.
Martin Forbes, CEO at Cox Automotive UK, said: “Although we provide some vehicle services to support existing customers with their remarketing and defleet strategies, we have wanted to significantly increase the range and scope of whole-life vehicle services available to new clients for some time.
“We have long-admired how CWL operates in this market, growing its business through delivering high quality whole-life vehicle services. With the addition of CWL, Cox Automotive UK will now be able offer all aspects of a used car remarketing programme, including vehicle services on a much larger scale, to support both existing and potential new customers.”
CWL’s vehicle services business operates from three locations in Bruntingthorpe (Leicestershire), Wyton (Cambridgeshire) and Long Bennington (Lincolnshire), with up to 200,000 vehicles a year processed at the Bruntingthorpe site. The deal also includes CWL’s proving ground and events businesses.