11 February 2021
Cazoo acquires Smart Fleet Solutions (SFS)
- SFS is one of the UK’s leading vehicle reconditioning and storage businesses
- Operating from 4 sites across 110 acres in the South West, Midlands & Scotland
- With a dedicated team of over 500 experts processing more than 100,000 cars pa
- Modern, market-leading facilities with investment of over £10m over the last 5 years
- Combines Cazoo world-class consumer platform with SFS infrastructure & expertise
- Provides opportunity to scale SFS reconditioning & storage in line with its growth plans
Cazoo, the UK’s leading online car retailer, which makes ordering your next car as simple and seamless as any other product online today, has announced that it has acquired Smart Fleet Solutions (SFS), one of the UK’s leading independent vehicle reconditioning and storage specialists, for an undisclosed sum.
SFS 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, processing over 100,000 vehicles annually with storage for more than 20,000 vehicles.
The combination of Cazoo’s world-class consumer platform and brand with Smart Fleet Solution’s market-leading infrastructure and expertise will provide both businesses the ability to further scale their national reconditioning and storage capabilities in line with their significant growth plans.
This deal follows the recent acquisition by Cazoo of Drover, the UK’s leading car subscription platform which will enable Cazoo to offer its customers the option of purchasing, financing or subscribing to the cars on its website as it continues its mission to transform the car buying experience in the UK.
Cazoo owns and fully reconditions all its cars before offering them on its website. Cazoo has thousands of cars available at any time for either delivery or collection in as little as 72 hours. Every Cazoo car comes with a full 7-day money back guarantee and a comprehensive 90-day warranty.
Cazoo is pioneering the shift to online car buying in the UK and, since its launch just over one year ago, has already delivered over 15,000 cars to consumers across the UK who have embraced the selection, transparency and convenience of buying high quality used cars entirely online.
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.”
For more information:
Lawrence Hall, Communications Director, [email protected] / 020 3920 0013
About Cazoo - www.cazoo.co.uk
Our mission is to transform the car buying experience across the UK by providing better selection, transparency, convenience and peace of mind. Our aim is to make getting your next car no different to ordering any other product online today, where consumers can simply and seamlessly purchase, finance or subscribe to a car entirely online for delivery or collection in as little as 72 hours. Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE, has a highly experienced management team and is backed by some of the leading global technology investors.
About Smart Fleet Solutions - www.smartfleetsolutions.com
We employ over 500 people across 4 UK locations and have a long history of working with some of the largest fleets and vehicle manufacturers in the world. Our constant investment in new technology ensures that we stay at the forefront of the refurbishment industry and we have a national network of state-of-the-art technical centres in Cold Meece in Staffordshire, Westbury in Wiltshire, Long Bennington in Nottinghamshire and Livingston in Scotland. Our highly trained teams are experts in all aspects of the technical services process, including collection and vehicle appraisal, refurbishment, storage, loose-item management and vehicle imagery.