BT Group today announced its deal to sell BT Fleet Solutions, a fleet management operator, to Aurelius Equity Opportunities.
BT Fleet Solutions, headquartered in Solihull, offers fleet management services across all stages of the vehicle life cycle, through its network of 65 in-house garages, 500 partner facilities and 50+ mobile technicians.
BT Fleet Solutions employs around 950 staff around the UK, and manages more than 80,000 vehicles for over 26 blue chip customers across industries. BT Fleet achieved revenues of £209.5 million for 2017-18.
The divestment of BT Fleet Solutions aligns with BT’s strategy of focusing on converged connectivity and services, with further investments in both its fixed and mobile networks via programs such as full fibre and 5G.
AURELIUS will work with BT Fleet Solutions’ existing management team to maintain its position and drive growth for the business.
Gerry McQuade, CEO of BT’s Enterprise unit, said: “With BT’s renewed focus on investing in the fixed and mobile networks in the UK, the time is right for the business to find a new home.”