Inchcape Fleet Solutions to become Kinto following Toyota acquisition
02 March 2020
Author: Illya Verpraet
Inchcape Fleet Solutions, which was acquired by Toyota Fleet Mobility last December, will be rebranded as Kinto, along with all of Toyota's mobility and fleet services.
The car dealer group sold its leasing arm to Toyota in December 2019 to focus on retail. Meanwhile, Toyota rebranded its leasing and mobility activities as Kinto, with Kinto One for full-service leasing, Kinto Flex for subscription-based car leasing, and Kinto Share and Join for car-sharing services.
Matthew Rumble, managing director of Inchcape Fleet Solutions, said: "With a strong growth plan and investment from our new owners, we are delighted to have this opportunity to grow our business and continue on our exciting fleet and mobility journey under the new Kinto brand."
Tom Fux, CEO of Toyota Fleet Mobility Europe, said: "The acquisition of IFS was an important milestone for TFM in the European market. As Toyota transitions from being a car manufacturer to a mobility company, rebranding IFS as Kinto not only ensures that the IFS business remains neutral, it also supports our strategy to grow our total European business by adding new mobility services to our traditional business models."