Ryder Europe has completed the outright purchase of Leighton Buzzard, Bedfordshire commercial vehicle contract hire and fleet management specialist Euroway.
Under the terms of the deal, Euroway's fleet of 1,419 commercial vehicles – ranging from 44-tonne tractor units to 3.5-tonne vehicles and trailers will transfer to Ryder.
"The acquisition of Euroway fits perfectly with our ongoing investment and growth strategy," comments David Hunt, vice president and managing director of Ryder Europe.
"Euroway is widely respected, well run and has grown substantially over the past 18 years, through organic growth and acquisition," he continues.
"Euroway has extensive expertise in maintenance and fleet management, which complements Ryder's offerings."
