The UK subsidiary of Netherlands-based Akzo Nobel is to acquire UK-based Aon Motor Accident Management (AMAM) for an undisclosed sum.
Akzo Nobel said the acquisition would give its UK subsidiary Nobilas Claims & Fleet a leading position in the UK market.
“The decision to establish Nobilas as a separate business unit was always designed with rapid growth in mind and this strategic acquisition will not only establish Nobilas as a top three player within the UK, but will also help to further grow the business in Europe,” said Akzo Nobel board member Rudy van der Meer.
Nobilas general manager Cor de Grauw added: “This deal underlines our ambition to become a key service supplier. The existing expertise and market position of AMAM within the corporate fleet sector will now provide us with an excellent opportunity to develop the business to its maximum potential.
Nobilas and Aon had announced a strategic alliance at the beginning of the year, combining Nobilas’ accident repair operations with Aon’s claims and risk management activities.
