Safo Group, the Italian fines management and automotive IT specialist, has acquired a 75% stake in UK based fleet management and software provider TR Fleet.
TR Fleet is best known for its DriveSecure company car and grey fleet compliance software package, which is to be further developed and sold throughout Europe by Safo. The DriveSecure package integrates with third party data suppliers and enables fleet managers to manage company employees who drive while on business.
Talking about the move, TR Fleet Managing Director, Julie Summerell said: “When I set up TR Fleet I wondered if there was an existing data hub on the market but I couldn’t find anything that was based on the asset being the driver rather than the vehicle. As the business has grown and developed I needed a partner that had a similar vision and commitment to driver safety and would help me develop DriveSecure into the hub that I always thought it could be.”
Safo Group CEO Dr Elpidio Sacchi adds: “TR Fleet will not be absolved but will have its own autonomy and identity. It will be present as TR Fleet in the other countries where we are already present. Our marketing will start to promote both the Safo and TR Fleet offer.
“We already process more than 350,000 fines per year in the UK and we work with some of the biggest parking agents for the electronic exchange of fines. I think there is a lot that can be done for developing the way in which the leasing and rental industry interacts with the authorities. We have a fully operating solution that has been adopted by more than 400 authorities. Most companies use leasing or rental products but have so many issues with fines, maintenance, and insurance. They need a professional product.”