ARI Acquires HPI Fleet
MT. LAUREL, NJ (October 7, 2013): ARI®, a leading global fleet services provider specializing in complex car and truck fleets, is pleased to announce that it has acquired HPI Fleet and its related European business entities. The transaction is expected to close in October, at which time HPI Fleet will operate as ARI. The acquisition supports ARI’s continued development of a strong, strategic global footprint and follows ARI’s recent expansion into the UK and Germany. ARI’s European operations will now include service delivery to customers in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, the Netherlands, Portugal, Spain, Sweden, Switzerland and the UK.
“The acquisition of HPI Fleet, in tandem with our businesses in the UK and Germany, reflects our genuine commitment to serve the needs of our customers who are growing globally, as well as to deliver fleet solutions tailored to meet in-country needs,” said ARI President Carl A. Ortell.
“ARI’s significant global investment over the past several years reflects the confidence we have in a universal need for our unique brand of ‘world-class’ fleet management,” notes Chris Conroy, managing director of global operations. “We intend to leverage our expanded geographic footprint to provide services to both our existing multi-national customers and to those with regional requirements in Europe. As with all of ARI’s businesses, this will be supported by continued investment in people, processes, and technology.”
ARI will manage its continental European operations from its offices in Stuttgart and Frankfurt, Germany, and its UK operations from Chippenham, England.