TIP Group acquires the trailer business of EURO-Leasing in Denmark
AMSTERDAM, 1 February 2023 –TIP Group, a portfolio company of I Squared Capital and one of the leading trailer leasing, rental, maintenance and repair providers across Europe and Canada, has acquired the trailer business of EURO-Leasing in Denmark. EURO-Leasing has been offering its customers tailor-made rental and service solutions for trucks and trailers since 1997. The company has its headquarters in Germany and is part of Volkswagen Financial Services.
TIP will acquire and integrate more than 1,650 trailers into our business in Denmark, meaning that they will expand the number of vehicles in the country by 25%. With this acquisition, TIP extends its fleet with young curtainsiders and reefers from established manufacturers. TIP and EURO-Leasing are working closely together to make the transition as seamless and effortless as possible.
Announcing details of this latest acquisition, Bob Fast, TIP President and CEO, said “Acquiring the trailer business of EURO-Leasing is another key milestone in our expansion in Europe. It increases our footprint in the Nordics, allowing us to increase the supply and availability of trailers in Denmark and expand and diversify our customer base.”
Jens Ole Olesen, Managing Director, EURO-Leasing A/S adds: “With TIP we have found a great partner to guarantee a successful future for our trailer business in Denmark. Our customers, suppliers and partners can rest assured that we are working closely together to ensure a smooth transition with no impact to services.”
“We are delighted to increase our supply of trailers in the Danish market.” says Christian Petersen, TIP Vice President Nordics. “At a time when we are operating at almost full capacity, the addition of more than 1,650 trailers will mean more choice for current and future customers.”
About TIP Group
TIP Group, a leading equipment service provider in Europe and Canada, is headquartered in Amsterdam, the Netherlands. We specialize in lease and rent of road freight and intermodal transport equipment, services such as maintenance and repair, sale of used equipment, and other value-added services, such as digital solutions. We provide these to transportation and logistics customers from more than 130 locations spread over 18 countries in Europe and Canada. For more information, please visit our website or follow us on LinkedIn.
About EURO-Leasing A/S
As part of Volkswagen Financial Services AG, EURO-Leasing GmbH is a rental specialist for high-quality vehicles from the Volkswagen Group. The company has been working since 1997 with a focus on truck rental and has been a wholly owned subsidiary of Europe's largest automotive financial service provider since 2014. Through the merger with Euromobil Autovermietung GmbH, EURO-Leasing GmbH has also been offering comprehensive rental solutions in the passenger car sector since September 2019. During 2022, the company made the strategic decision to exit the truck and trailer business. In the future, the focus will only be on the fast-growing car rental business.