Cox Automotive Acquires FleetNet America
ATLANTA (Feb. 28, 2023) – Driven to maintain the world’s fleets relocating competently, safely and securely and sustainability, Cox Automotive now declared the acquisition of fleet sector leader FleetNet America®. With the acquisition, Cox Automotive Mobility and FleetNet are building the basis that will transform functioning a fleet, where every automobile, and every support is connected.
“The industry leadership that comes with this signing up for of our two organizations is unmatched in the fleet room,” mentioned Steve Rowley, president of Cox Automotive. “Empowered by our merged a long time-extended legacy, finest-in-course customers and assistance provider networks, and field know-how, we’re disrupting the standing quo and leading the fleet potential – but not in the breakdown business – in the trouble-resolving enterprise.”
A subsidiary of ArcBest®, a fleet visionary and driving power of FleetNet’s innovation and expansion, FleetNet’s industry-leading EMS supplying makes use of a network of a lot more than 60,000 unbiased services suppliers through the United States, Canada and Puerto Rico. Companies include things like brokering crisis cell assistance, mobile truck repair, towing and recovery, preventative servicing, and tire fix. Paired with Cox Automotive’s skills in developing two-sided marketplaces, ability to provide industry-primary information insights and operating at worldwide scale, this acquisition will gasoline the companies’ collective commitment to delivering bigger versatility, transparency, communication and finally holding fleets executing what they do ideal, performing for their shoppers.
Aligned to a unified North Star – eliminating breakdowns for its buyers – Cox Automotive’s order of FleetNet builds on the eyesight of Cox Automotive Mobility Fleet Functions to deliver turnkey alternatives backed by fleet experts and an expansive Support Supplier community, permitting buyers to simply obtain and join with specialised service vendors when and where by they want them. This proprietary engineering, which includes FleetNet’s cellular application for smartphones, delivers a easy, automatic workflow to maintain vehicles nutritious and on the highway, and fleet companies targeted on their business enterprise.
“While both of those FleetNet and Cox Automotive are leaders in the market today, we have not even scratched the floor of where by we will choose fleet operations tomorrow,” explained John Wooden, president of FleetNet The us. “Together, our teams will transfer the marketplace forward in a transformative way.”
“We are relentless operators and innovators, and we are obsessed with placing our shoppers, services suppliers and our men and women very first, normally,” stated Alex Fraser, AVP of Fleet Functions, Cox Automotive Mobility. “We are invested in building running a fleet far more efficient, resolving our customers’ difficulties on the road or in the garage.”
For far more information and facts about Cox Automotive Mobility Fleet Operations, visit www.coxautoinc.com/mobility/fleet-operations/.
About Cox Automotive
Cox Automotive is the world’s major automotive services and technology company. Fueled by the greatest breadth of first-occasion info fed by 2.3 billion on the net interactions a 12 months, Cox Automotive tailors foremost methods for car or truck shoppers, automakers, dealers, merchants, creditors and fleet proprietors. The enterprise has 25,000+ staff on 5 continents and a family of trusted models that consists of Autotrader®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital™ and vAuto®. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-primarily based corporation with $21 billion in profits. Take a look at coxautoinc.com or join via @CoxAutomotive on Twitter, CoxAutoInc on Fb or Cox-Automotive-Inc on LinkedIn.
Media Make contact with
Andrew Nicolai
Cox Automotive Mobility
[email protected]
949.293.5241
