Santander Consumer Finance (SCF) has acquired CLM Fleet Management, a specialist in full-service fleet management.
The strategic deal marks a significant milestone in Santander Consumer Finance’s growth and expansion plans within the UK leasing sector. The acquisition is in line with Grupo Santander’s Europe-wide initiative to position Santander as a major provider of contract hire to fleets operating company cars.
CLM has over 40 years’ experience in managing fleets of cars and commercial vehicles for corporate customers, with the goal of running customers fleet more efficiently and cost effectively.
Adam Harley, Santander Consumer UK’s Sales Director said: “Acquiring CLM Fleet Management allows us to significantly accelerate our growth strategy in the UK leasing market. By integrating CLM Fleet Management’s expertise and resources with our own, we are positioned to offer an expanded range of leasing solutions, catering to a broad customer base and enhancing our service capabilities.”
John Lawrence, CLM Fleet Management’s Chief Executive Officer said: ”The CLM team are excited to be playing a key role in supporting Santander Consumer Finance’s growth within the UK Leasing sector through our comprehensive range of Fleet management services. At the same time, we will continue to work closely with our supplier partners to ensure the highest levels of service are maintained for our existing customers.”