CD Auction group acquired by Arctos
One of the UK’s leading online vehicle auction companies CD Auctions Ltd has been acquired by Arctos Holdings Ltd, owners of SMH Fleet Solutions and Hudson Kapel.
The Arctos group is one of the UK’s largest providers of quality services for vehicle manufacturers, franchise vehicle dealerships, leasing and rental companies and vehicle fleet providers of all sizes. Hudson Kapel is already a leading remarketer of nearly new damaged vehicles and along with SMH Fleet Solution, the combined group has become one of the UK’s leading providers of services to the motor industry.
The combination of services now offered by the Arctos Holdings group moves the supply of services to its customers to a new level. From vehicle management, logistics, refurbishment and storage to licence checking and securities, the combined group now offers a comprehensive range of services to the motor industry.
Martin McAuley, managing director of the Arctos Holdings Ltd said, ‘We are building a unique portfolio of high quality services so we can continue to offer significant value to our existing customers as well as attracting new clients. The acquisition of the CD Auction Ltd will add yet more value to our customers as well as providing an enhanced platform for service development and growth.’
The deal follows Actos Holdings’ recent £16m investment in their brand new 40,000sqft facility on Thurleigh Airfield Business Park in Bedfordshire.