Cazoo has acquired Smart Fleet Solutions (SFS), an independent vehicle reconditioning and storage specialists, for an undisclosed sum.
SFS has a team of over 500 staff operating from four vehicle refurbishment facilities across 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland, processing over 100,000 vehicles annually with storage for more than 20,000 vehicles.
This deal follows the recent acquisition by Cazoo of Drover, the UK’s leading car subscription platform that will enable Cazoo to offer its customers the option of purchasing, financing or subscribing to the cars on its website as it continues its mission to transform the car buying experience in the UK.
Alex Chesterman OBE, founder & CEO of Cazoo said: “We are excited to have acquired SFS given its infrastructure and vehicle processing capacity as well as its dedicated team of over 500 vehicle preparation experts. It will remain a standalone business run by Theo and his team and we look forward to working with them and to investing in continuing to serve its customers and growing the SFS business further.”
Theo Kortland, managing director of Smart Fleet Solutions said, “Our focus on innovation and efficiency has enabled us to win and retain a number of key customers over the years and we are delighted to be joining forces with the Cazoo team.
“They have a clear vision and strategy for our business and are fully committed to making the investments required to continue to serve our existing customers and to further grow and develop the SFS business over the coming years.”
Cazoo owns and fully reconditions all its cars before offering them on its website. Cazoo has thousands of cars available at any time for either delivery or collection in as little as 72 hours.