GEFCO SA has announced the acquisition of XPAuto, a leading UK provider of fully integrated automotive services including fleet management, vehicle logistics and advanced vehicle care, for an undisclosed sum. The deal has seen GEFCO SA take a 100% stake in the firm, with all operations led out of the UK.
XPAuto provides automotive services, underpinned by a suite of powerful digital platforms. Working with leading OEMs, resellers and corporate organisations, it manages the whole lifecycle of a demo fleet vehicle including booking, delivery, collection, repair and de-fleeting. XPAuto also provides bespoke fleet services for press and events – including single vehicle launches – as well as premium retail handovers.
The acquisition will see GEFCO UK integrate XPAuto’s digital platforms, XPAssetSmart and XPAssetCare, into existing platforms as part of a plan to build an IT network between both companies. The advanced suite of fleet management tools enable smart scheduling and asset management capability alongside a range of customer facing applications.
With the adoption of AutoXP’s services, GEFCO UK will extend its proposition as a key provider of services for vehicles throughout their entire lifecycle even further. This complements GEFCO’s Moovecar offering, its brand dedicated to in-life vehicle management, which delivers services ranging from last mile delivery to refurbishment and maintenance.
As part of the deal, GEFCO UK will also leverage XPAuto’s client portfolio and its employees, retaining the CEO Oliver Woodmansee and the existing management team who have led the XPAuto business to a market leading position in recent years through its ‘Go To’ strategy. In the UK, XP Auto will continue to operate under its brand from its 8,000m2, 1,500 bay compound in Chipping Warden in the Midlands.
''We are pleased to welcome XPAuto employees into GEFCO Group. GEFCO’s 70-year expertise in automotive logistics and XPAutos’ smart solutions and demofleet expertise are highly complementary. We look forward to growing the business in the UK and exploring ways for our mobility customers to benefit from our innovative phygital solutions in more countries in the future. At GEFCO, one of our key principles is to support our clients with colleagues who are integrated and focused on knowledge-sharing across different elements of our business. XPAuto’s new expertise, technology, services and knowledge will provide an important contribution to this,'' said Luc Nadal, GEFCO CEO.