Former Zenith chairman buys stake in UK fleet management firm FMG
Former Zenith chairman Andrew Cope has acquired a stake in British fleet management firm FMG, according to Fleet News. The value of the purchase was not disclosed in the said report.
Cope said of the firm: "FMG is a great business focused on its reputation for innovation and quality. I look forward to being involved with a company and people that I've respected for many years. The business has a forward thinking attitude, embracing new technology, which has huge positive implications for our customers and prospects. By building on the good work which has been done to establish FMG as a leader in the industry, I'm excited to have the chance to help grow the business further."
According to FMG, the deal will help develop its services and bring in more ideas for its improvement. Cope's involvement in the company will give him an operational interest in the fleet management sector. Under the terms of the investment, he will become part of the company's board. The overall management structure of FMG, however, will still be the same, the report detailed.
FMG currently has 300 employees and is based in Huddersfield, Fleet News reported.