TIP Group acquires Trailer Auto Group (TAG) to strengthen refurbishment services in the UK
TIP Group, one of Europe’s leading truck and trailer equipment services providers, is excited to announce the acquisition of Trailer Auto Group (TAG), a state-of-the-art trailer refurbishment facility located in Stoke-on-Trent, UK. This strategic move enhances TIP’s capabilities and extends its commitment to providing exceptional services in the transportation sector.
Established in 2022, TAG boasts a modern workshop with 41 bays and a dedicated workforce of 105 employees, including 85 skilled mechanics. TIP Group expects all TAG employees to transition seamlessly into TIP, ensuring continuity and expertise within the team.
TAG has built a reputation as a trusted service partner for blue-chip companies and smaller transport companies and the acquisition comes at a time when trailer refurbishment has become increasingly vital due to rising new equipment costs and corporate ESG (Environmental, Social, and Governance) demands.
“Acquiring TAG will significantly enhance our ability to extend the life of our fleet and expand our offerings to both existing and new customers,” said Mike Furnival, managing director UK & Ireland at TIP Group. “The workshop’s central location will facilitate trailer refurbishment, damage repairs, servicing, and MOT preparation.”
This acquisition is expected to provide opportunities to strengthen TIP’s refurbishment business and upsell its comprehensive range of products and services. With the addition of TAG, TIP now operates 30 locations in the UK.
TIP is committed to ensuring a smooth transition of business operations, maintaining the high standard of service that customers have come to expect whilst preserving TAG’s established local contacts.
The refurbishment of trailers has become increasingly important to extend fleet life and embrace sustainability. Acquiring TAG, with its expertise in full scale refurbishment, means TIP can further strengthen its refurbishment services to customers. Supporting customers to refurbish to near-new quality and performance helps minimize operational costs, and reduce environmental impact, while saving on the cost of buying new equipment.
The acquisition marks a significant step in TIP’s growth journey in the UK & Ireland. We extend our heartfelt thanks to everyone involved in this important acquisition for TIP and warmly welcome TAG to the TIP family.
About TIP Group
TIP Group is European market leader providing lease & rental full-service equipment solutions for over 55 years. TIP Group, headquartered in Amsterdam, has an extensive fleet of trailers, trucks, reefers, chassis, and specialised equipment. With a network of 135 service locations spanning across 17 countries and with a fleet of over 90,000 assets. TIP Group specialises in delivering a highly customisable approach, offering flexible leasing and rental options, maintenance and repair, digital solutions, sustainable initiatives and used equipment sales. With the commitment to shaping a more environmentally conscious future, TIP Group is proudly partnering to achieve sustainability targets faster and on a larger scale.
TIP Group has been awarded with the European Truck Parking of the Year 2024, in the category for large parking (more than 50 spaces). Their Delta Park offers secure parking and received a Gold Certification according to the EU-Parking standard. Additionally, TIP Group places high value on its people and sustainable business practices. The company is proud of its certification as a 'Great Place to Work' and its EcoVadis Silver rating, placing TIP Group in the top 20 per cent of over 100,000 companies worldwide.
Explore more about TIP Group and stay updated on the latest news by visiting the website or connecting with them on LinkedIn.
For more information, please contact:
Cassandre Le Dily, Senior Marketer: Cassandre.LeDily@tip-group.com
