The vehicles are predominantly cars and LCVs run by smaller fleets and SMEs and have been acquired for an undisclosed sum.

Commenting on the news, Hitachi Capital Vehicle Solutions highlighted its announcements over the past 12 months of its intention to grow both organically and by acquisition across both its car and commercial vehicle businesses, in particular in the SME space. The company currently operates over 70,000 vehicles.

In a statement Hitachi Capital said: ‘Our primary focus is on integrating these new customers and their drivers into the Hitachi business and we have set up a dedicated team to ensure a smooth transition.’

A helpline has been set up for new Hitachi Capital customers to ring with any queries about their car or commercial vehicle finance agreement: 0843 351 9073.