TIP to acquire trailer leasing and maintenance business of Ryder Ltd
TIP Trailer Services has said it will acquire the trailer leasing and maintenance business of Ryder Ltd, a leading provider of commercial vehicle rental, contract hire, maintenance, and dedicated delivery solutions in the UK.
TIP said it will integrate Ryder’s assets and contracts from the mobile maintenance services division into its existing business in the UK, boosting its fleet with around 3,550 additional trailers and expanding the number of workshops in the UK to 18, which will now include a site in Lichfield and two parking locations in Shepshed and Manchester.
Bob Fast, TIP president and chief executive said the acquisition, which is expected to be completed this June, will increases the company’s UK and Ireland footprint, “allowing us to improve service offering and infrastructure in areas where we have gaps today. It will increase our service offering to customers, expand and diversify our customer base in the UK”.
Michael Furnival, TIP vice president UK and Ireland region added: “Over the next months, both companies will work on the fleet integration to manage a smooth transition with customers and suppliers. A significant portion of the Ryder Ltd mobile maintenance services employee base are mobile technicians which will be a great addition to TIP’s maintenance and repair business.”