Hitachi continues European expansion30/11/2017
Robert Gordon, CEO Hitachi Capital UK, commented, “Over the last twelve months we have experienced significant growth in our European business, more than doubling the size year on year. The continent remains an important area for Hitachi Capital UK and we will continue to look for further opportunities to grow our European footprint, with the Netherlands providing a strong base for further expansion.”
The new operation provides another base on the continent for the business which already has its operations in Poland in addition to its UK headquarters. Hitachi Capital moved into Poland in 2014 having announced a share transfer agreement to acquire 90% of the shares of Corpo Flota Sp. z o.o. (‘Corpo Flota’), making the company a majority owned subsidiary.
Corpo Flota operates a comprehensive car fleet management business in Poland, including auto leasing, maintenance and fleet management. The acquisition was specifically designed to allow Hitachi Capital to combine its experience in the UK car and commercial vehicle leasing markets with local expertise.