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Fleet management firm Fleet Operations says it has completed a significant investment in global fleet management solutions and data consolidation company OviDrive.
Partner investor Groupe Faubourg has joined Fleet Operations in the deal, alongside long-standing investor Shell Fleet Solutions.
The deal is said to enable OviDrive to leverage the global operational presence and expertise of TraXall International - of which Fleet Operations and Groupe Faubourg are majority shareholders - and offer clients an even wider array of services.
Fleet Operations and TraXall International CEO Ross Jackson joins the board of OviDrive with immediate effect, while Fleet Operations head of finance Oliver Booth becomes OviDrive's new CFO.
Jackson (pictured) said: "TraXall is thrilled to partner with OviDrive in this expansion of already innovative fleet management solutions.
"It's an excellent business with a passionate management team and advanced capability to consolidate and analyse global fleet data. OviDrive has huge potential in a space with a growing need for accurate and meaningful data solutions.
"Our combined expertise and global presence reaffirms our unwavering commitment to delivering cutting-edge technology and consulting services to fleet operators worldwide.
"Together, we will provide fleet operators with unparalleled support and technology to optimize their operations and achieve their objectives."
Shell Fleet Solutions senior vice president Giorgio Delpiano said: "We are keen to leverage world-class fleet management solutions to help our customers reduce their environmental impact and improve operational efficiency.
"In this light we are very happy to continue our partnership with OviDrive and have TraXall joining the shareholding structure to support further growth."
OviDrive CEO Matthijs Honing said: "We are excited to embark on this journey with TraXall International and continue our strong partnership with Shell Fleet Solutions.
"These collaborations will enable us to bring even greater value to our clients, delivering comprehensive fleet management solutions that drive efficiency, reduce costs, and contribute to a more sustainable future."
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