Online vehicle auction company CD Auctions has been acquired by SMH Fleet Solutions and Hudson Kapel owner Arctos Holdings.
The deal follows Actos Holdings’ recent £16m investment in their brand new 40,000sq-ft facility on Thurleigh Airfield Business Park in Bedfordshire.
The Arctos group is a provider of services for vehicle manufacturers, franchised vehicle dealerships, leasing and rental companies and vehicle fleet providers of all sizes.
Hudson Kapel is already a remarketer of nearly new damaged vehicles along with SMH Fleet Solutions.
Now Corby-based CD Auction joins the group, having offered customers a swift route to market for over 25 years.
Arctos Holdings said in a statment that the combined group now offers “a totally comprehensive and unrivalled range of services to the motor industry”.
Martin McAuley, managing director of Arctos Holdings, added: “We are building a unique portfolio of high quality services so we can continue to offer significant value to our existing customers as well as attracting new clients.
“The acquisition of the CD Auction will add yet more value to our customers as well as providing an enhanced platform for service development and growth”.