Santander buys CLM Fleet Management to expands leasing presence

Santander Consumer Finance (SCF) has acquired full-service fleet management specialist CLM Fleet Management, aligning with Grupo Santander's European initiative to strengthen its position as a contract hire service provider for fleets operating company cars.

CLM Fleet Management, with over 40 years of experience, manages fleets of both cars and commercial vehicles for corporate customers.

Adam Harley, sales director at Santander Consumer UK, said: "Acquiring CLM Fleet Management allows us to significantly accelerate our growth strategy in the UK leasing market. By integrating CLM's expertise and resources with our own, we are positioned to offer an expanded range of leasing solutions, catering to a broad customer base and enhancing our service capabilities."

John Lawrence, CEO of CLM Fleet Management, added: "The CLM team are excited to be playing a key role in supporting Santander Consumer Finance’s growth within the UK leasing sector through our comprehensive range of fleet management services. At the same time, we will continue to work closely with our supplier partners to ensure the highest levels of service are maintained for our existing customers."