Online used car retailer Cazoo has bought SMH Fleet Solutions, one of the UK’s leading vehicle preparation, logistics and storage businesses, for £70m ($51m)
Online used car retailer Cazoo has bought SMH Fleet Solutions, one of the UK’s leading vehicle preparation, logistics and storage businesses, for £70m ($51m). The takeover will double Cazoo’s reconditioning and logistics capability in the UK, as well as its storage capacity, according to the company.
SMH Fleet Solutions, which was set up in 1983, moves 150,000 cars a year, processes more than 70,000 vehicle refurbishments annually and operates an online wholesale platform. It has six vehicle preparation centres in England. This will bring Cazoo’s total number of UK sites to 11, equal to 107 hectares.
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