Cazoo, the leading online car retailer that makes buying a car as simple as buying anything else online announced the acquisition of Smart Fleet Solutions (SFS), which is one of the leading independent vehicle reconditioning and storage specialists in the UK.
Significant grow plans ahead
While the amount of the acquisition remains undisclosed, Cazoo aims to scale their national reconditioning and storage capabilities through the partnership, which is in line with their significant growth plans ahead.
To give a heads up about SFS, it has a team of over 500 staff operating from 4 state-of-the-art vehicle refurbishment facilities across 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland. The company processes over 100,000 vehicles annually with storage capabilities for over 20,000 vehicles.
Alex Chesterman OBE, Founder & CEO of Cazoo said: “We are excited to have acquired SFS given its infrastructure and vehicle processing capacity as well as its dedicated team of over 500 vehicle preparation experts. It will remain a standalone business run by Theo and his team and we look forward to working with them and to investing in continuing to serve its customers and growing the SFS business further.”
Theo Kortland, Managing Director of Smart Fleet Solutions said, “Our focus on innovation and efficiency has enabled us to win and retain a number of key customers over the years and we are delighted to be joining forces with the Cazoo team. They have a clear vision and strategy for our business and are fully committed to making the investments required to continue to serve our existing customers and to further grow and develop the SFS business over the coming years.”
Aims to transform car buying experience
Notably, the acquisition of SFS follows that of Drover, the leading car subscription platform in the UK. As a result of the acquisition, Cazoo will be able to offer its customers an option of purchasing, subscribing and financing cars on Driver’s website as it continues to work on its mission to transform the overall car buying experience in the UK.
Founded by Alex Chesterman OBE, Cazoo owns and reconditions all its cars fully before offering them for its customers. The UK unicorn has thousands of cars available at any time for either delivery or collection in as little as 72 hours. They offer cars with a full 7-day money-back guarantee and a comprehensive 90-day warranty.
Since its inception in 2018, Cazoo has delivered over 15,000 cars to consumers across the UK.