Fleet Management Acquisition

Keyfuels announced today that it has completed the acquisition of r2c Online Limited (“r2c”), a UK-based provider of Fleet and Workshop management software for Heavy Goods Vehicles (“HGVs”). The terms of the acquisition were not disclosed.

r2c, founded in 2003 and operating in the UK predominantly, has established itself a leading software platform for compliance, workshop and fleet management for HGVs. r2c’s suite of products allows HGV fleet operators & workshop managers to streamline the entire supply chain through one easy-to-use system. The products help clients to drive efficiency, reduce risk, increase cost-effectiveness and generate significant return on investment.

“We are pleased to announce this transaction and we welcome the r2c team to Keyfuels. This transaction strengthens our presence in the HGV segment, and complements our wider group’s offering of fleet and workshop management services. We see strong synergies in offering new, value added products and services to Keyfuels which supports over 130,000 HGVs. We look forward to continuing r2c’s success,” said Paul Holland, Senior Vice President, Keyfuels.

Nick Walls, Founder and Managing Director of r2c Online commented. “I am proud of everything we have achieved at r2c, from humble beginnings in 2003, to a market leader in the UK. Bringing together our expertise with Keyfuels allows us to expand our reach and deliver even more value to our customers. With this backing, r2c will be able to accelerate the development of new products and services, enter new markets and facilitate easy access to a wide range of complementary fleet products and services.”