Fleet Support is part of Mobinck, a division of AutoBinck Group. The Dutch family business AutoBinck Group is a leading player in the European mobility market with a turnover of approximately EUR 1 billion and operating in eight European countries. The acquisition of Gloriant is our 6th successfully completed transaction for AutoBinck.
OXEYE Advisors advised Fleet Support and AutoBinck Group on the acquisition of Gloriant from its founders.
Belgian-based Gloriant consists of two entities: XPOfleet and mobilitypower. XPOfleet develops fleet management software that enables businesses to efficiently manage their own vehicle fleets and other mobility services. Like Fleet Support, mobilitypower specialises in fleet & mobility management (outsourcing). The combination offers clients a unique comprehensive package of innovative software and cost-efficient fleet management
Through this acquisition, Fleet Support is strengthening its international offerings in the area of fleet management. Fleet Support now manages a total of 170,000 vehicles, making it a leading player in Europe
Since OXEYE Advisors advised AutoBinck Group on many other buy and sell side transactions over the previous years, we did not require a lot of time for getting up to speed and helped our client to realise this acquisition at attractive terms within less than 3 months from signing a LOI to signing & closing.