TTC Group acquires Licence Bureau
11 March 2020
Author: Illya Verpraet
Driver training and risk management firm TTC has taken over licence checking and document verification company Licence Bureau.
With this acquisition, TTC broadens its range of fleet management products and expands the compliance capability of its Continuum technology platform.
Licence Bureau was founded in 2003 and provides licence checking and document verification services for over 1,400 companies.
The move will also see the corporate fleet division of TTC Group move to Hemel Hempstead, where Licence Bureau is based.
Jim Kirkwood, CEO at TTC Group, said: "Licence Bureau has been a business I have admired for many years, and this acquisition could not come at a better time for both companies.
"Our business models complement each other perfectly, and the deal will enable us to provide a higher quality service to existing clients and give a wider offering of products to new customers. I look forward to working closely alongside our partners at Licence Bureau as we continue to expand."
Malcolm Maycock, managing director at Licence Bureau, said: "I am proud of the journey that the Licence Bureau business has gone on over the last two decades, becoming the UK's leading provider of licence checking and document verification.
"This transaction comes as the industry stands on the cusp of real business change, driven by new technologies and demand from clients for deeper insights into their driver population. TTC Group has seen the potential in these markets and working together will enable Licence Bureau to expand its horizons and become part of the UK's leading education provider."