Radius Payment Solutions has acquired commercial insurance broker, The Burley Group for an undisclosed amount.

L-R: Bill Holmes, chief executive of Radius Payment Solutions with Matthew Mawson, managing director, The Burley Group.

Radius, the group behind the telematics and fuel card brands Kinesis and UK Fuels, said the acquisition would strengthen its insurance division while enabling growth of Burley’s fleet insurance business. This includes through access to 1.2 million UK Fuel card holders as well as the development of telematics linked products.

Bill Holmes, chief executive of Radius Payment Solutions, commented: “We plan to both significantly expand the sales operation as well as create new products driven by data from our telematics platform. We look forward to working with the MD Matt Mawson and his experienced team over the months ahead as we start to develop and execute our plans.”

Matthew Mawson, managing director, The Burley Group, added: “Joining the Radius group of companies represents a fantastic opportunity for the business and our staff. Aligned, as we are, to the transport sector we sit perfectly with Radius’ fuel card and telematics businesses, providing a great opportunity to maximise growth through its divisions. We’re particularly excited about the prospect of connecting with its telematics products, and the possibilities this will bring, in addition to the investment that will be made allowing us to expand our footprint across the UK. It’s a great move and a really exciting time for Burley.”