TMC announces Vertivia acquisition
07 August 2020
Author: Sean Keywood
Fuel management company The Miles Consultancy (TMC) has announced the purchase of Vertivia Holdings Ltd.
TMC says its acquisition of the digital mileage management company consolidates its position in the mileage capture and fuel data management sector, with a combined portfolio including more than 350 large national and multi-national clients.
As part of the deal, Vertivia's Paul Miers joins TMC as chief data officer.
TMC managing director Paul Hollick said: "We are thrilled to acquire such a good company. We have been tracking Paul Miers and Vertivia for a number of years - both TMC and Vertivia have been active in a very similar space and we expect to achieve some great things by uniting the businesses; for the benefit of current and future customers.
"Vertivia is a great technology focused business with a strong portfolio. Mileage management is similarly at the heart of TMC and we will utilise the best of both platforms to further enhance our award-winning service.
"The acquisition of Vertivia forms part of our ongoing investment into tech, data and service as we expand the business, with a focus on European data-led mobility management."
Paul Talbot, chairman of IFC Group incorporating Vertivia, said: "Having jointly formed Vertivia in 2008 with customer service at its very heart, we are extremely proud of what we have achieved to date.
"The acquisition by TMC reinforces this central service ethos but will take the business to another level in terms of technological capability, geographical presence and product offering for the benefit of all."
Miers said: "I am thrilled to be joining a business that, in a rapidly evolving market sector, continues to lead through innovation and excellence.
"It is a really exciting role that will allow me the opportunity to contribute to the fast pace of growth whilst also maintaining the connection I have to the Vertivia customer base."