TIP has acquired Steers Group Limited and its wholly owned subsidiary Eurotrail UK Limited, effective November 1.
Established in 1997 by Alan Steers, Eurotrail provides a range of leasing, rental, maintenance and fleet management services to the commercial vehicle industry.
The acquisition forms a part of TIP’s asset diversification strategy, with Eurotrail’s fleet of HGV being a varied one that includes specialised vehicle bodies, crane, hookloader and cement mixer trucks.
TIP said the deal will enable it to work with new customers, supporting them with a wide range of commercial vehicle services, complementing the existing offering from Grayrentals, TIP’s commercial vehicle hire business.
Members of Eurotrail’s management team will remain with the business, as too will key members of staff, TIP confiremed.