ARI Acquires German Fleet Management Company

Truck-and-car fleet services company ARI said it has acquired the fleet management segment of Stuttgart, Germany-based Fleetlevel+ Services. Terms were not disclosed.

The new company will be known as ARI Fleet Germany and will provide services in Europe. The acquisition is set to close in August.

“The opportunity to expand into the German market and operate on the continent will further enhance ARI’s ability to deliver innovative, top-level fleet management services in the markets and the regions that best complement our customers’ needs,” ARI President Carl Ortell said in a statement.

According to ARI, it manages more than 952,000 fleet vehicles in North America and the United Kingdom.