Radius Vehicle Solutions expands to Ireland following aquisition

Radius Vehicle Solutions, one of the leading providers of flexible and fixed term commercial vehicle hire and leasing, has acquired a majority stake in Belfast based Traction Finance, expanding into the north and south of Ireland.

With a wide portfolio of fleet customers across the UK and Ireland, Traction Finance is a long-established business offer multiple financing solutions. From contract hire, rental, hire purchase to the sale of new and used vehicles, Traction Finance helps single user customers up to fleets of a hundred or more.

Currently, Traction Finance has 2,500 vehicles with 36% of new sales in 2022 coming from electric vehicles. Becoming a part of Radius offers Traction Finance the opportunity to grow its portfolio, as well as access to Radius’ wider line-up of solutions such as telematics, insurance, e-mobility and telecoms for its customer base.

Paul McGuire, Traction Finance Managing Director added: “We are delighted to become a part of Radius Vehicle Solutions. It allows us to expand our unique Island of Ireland offering to a full eMobility solution, offering chargers, charge cards, as well as telematics, dash cameras, insurance and telecoms under one roof for our clients.

“We’ll also be working with some of the best in the industry, and that is a very exciting prospect.”

Bill Holmes, Radius CEO, commented: “This acquisition follows Global Go last year which now gives Radius Vehicle Solutions increased scale and a capability to service our customers throughout the UK and Ireland. We are really looking forward to working with Paul and his team to accelerate the rollout of their solutions, giving us a competitive edge in the Irish market.”

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