CCL acquisition provides foothold in market
A Dorset accident management provider has been bought by global car rental business Hertz.
The US-based hire company has snapped up CCL Vehicle Rentals in Verwood for an undisclosed sum, gaining an entrance into the UK vehicle replacement market.
CCL, which provides services to the authorised and credit hire market place, is to operate as a wholly-owned Hertz subsidiary. It will continue to operate its current services but will also use the support of the Hertz network and range of cars.
Hertz International group RAC president Michel Taride said: “Hertz’s entry to the UK vehicle insurance replacement market via the acquisition of CCL brings greater choice and an exceptional and comprehensive service to the industry.
“Already worth £1bn in the UK, this segment continues to evolve and we’re excited to be a part of it, especially as it complements our significant off-airport expansion plans.
“Building on our existing leasing replacement services and extensive infrastructure in the UK, we will offer a convenient and competitive alternative to the current dominant players. We are excited to welcome CCL’s existing management team to ensure the consistency of service delivery and support plans for growth.”
Hertz UK’s UK and Europe off-airport general manager Neil Cunningham added: “Hertz and CCL are a powerful combination to meet the needs of insurers and the wider market. Hertz has nearly 100 years of experience in the vehicle rental market and a track record of innovation and customer service.
“CCL has a reputation for quality service in accident management. Its dedicated workforce brings the expertise needed to effectively manage the end-to-end insurance services process – essential for exceptional service provision today and in the future.”
CCL employs about 200 people across six UK locations. Its 2012 turnover was £21m.
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