1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194 
Giant step forward for Fraikin as it snaps up Lex division
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
CONTRACT HIRE specialist Fraikin Truck I fire has expanded almost overnight into a giant in the K market following its acquisition of the commercial tlect division of LexTransfleet,The deal is believed to be the largest the t fK commercial vehicle sector has seen for over a decade.
According to Fraikin's UK MD John Ball, the acquisition makes up for lost time: "We're tremendously excited," he adds, "It puts Fraikin where it should be.The focus of the business was in France —this move conforms to the shareholders' strategy."
Fraikin has been in the t I K market since 1978 and has a turnover of almost tiftm.The Fraikin Group collectively operates 34,000 CVs across Belgium, France, Luxe mbourg.Spain and the UK.
The Lex Transited commercial fleet division includes 4.500 contract hire vehicles and 1.000 rental vehicles.
Ball says the company won't rule out future acquisition opportunities, He declines to disclose how much the deal was worth, but does say: "This wasn't a distress sale, We've bought a viable, profitable business; we paid an appropriate price."
• Lex Transficet has restructured and created a new group, Lex Vehicle Solutions, which will handle defence, software and some parts of the business Lex Transkei used to handle.
In addition, RAC, 50% owners of Lex, has bought hack the 50% of the business owned by Lombard. A Lex spokeswoman says it "made sense to buy [Lombard] out in order to continue with the group's strategy,
christopher.tindall@rbi.co.uk