Fuel card provider Keyfuels has announced that it has completed the acquisition of r2c Online Ltd, the fleet, compliance and workshop management software provider. The terms of the acquisition were not disclosed.
r2c, founded in 2003 and operating in the UK predominantly, says its suite of products allows HGV fleet operators and workshop managers to streamline the entire supply chain through one easy-to-use system. The products are said to help clients to drive efficiency, reduce risk, increase cost-effectiveness and generate significant return on investment.
r2c Online’s software platform currently connects 23,000 fleets and 1,000 workshops for best practice vehicle compliance and maintenance, with strong customer bases in the logistics, plant, waste and public sector industries.
“We are pleased to announce this transaction and we welcome the r2c team to Keyfuels,” said Paul Holland, senior vice president at 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.”
Nick Walls, founder and managing director of r2c Online, added: “I am proud of everything we have achieved at r2c, from humble beginnings in 2003… 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.”
Keyfuels is a trading name of CH Jones Ltd, a subsidiary of FleetCor UK Acquisition Ltd, a subsidiary of FleetCor Technologies Inc. With access to around 3,000 nationwide sites, Keyfuels highlights integrated fuel solutions, efficient purchasing mechanisms and management controls for minimising fuel costs as among the key benefits of its offering.