Tilsun Leasing announces key acquisition

Cheshire-based Tilsun Leasing has acquired First Vehicle Leasing for an undisclosed sum.

First Vehicle Leasing, based in Glasgow, is an online leasing broker servicing both consumers and the SME fleet market nationally.

As part of the deal, Tilsun will incorporate First Vehicle’s workforce and technology, creating significant economies of scale in many areas.

First Vehicle Leasing managing director Andy Bell said: “This is a key part of our ambitious growth strategy and will enable us to expand further. First Vehicle Leasing has built a strong brand and we’re looking forward to harnessing the company’s excellent technology and online presence. With our combined expertise, we will be one of the best resourced leasing brokers in the UK with a strong business and consumer package.”

Andy Watson, pricing manager for First Vehicle Leasing, added: “The First Vehicle Leasing team is really looking forward to joining forces with Tilsun Leasing. Crucially, our businesses share the core values of fantastic customer service and delivery. We can’t wait to see what we can offer the market when we pool our expertise and resources.”