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SG Fleet Group

Full company profile

uuid0009h8u

Namestring
SG Fleet Group
Legal namestring
SG Fleet Australia Pty Limited
Websiteurl
sgfleet.com
Company typeenum
Private
Founded yearint
1988
Descriptiontext

SG Fleet Group is an integrated mobility solutions provider offering fleet management, vehicle leasing, salary packaging, and novated lease services to corporate, government, and employee clients across Australia, New Zealand, and the United Kingdom. The company originated as Lease Way in 1988, was consolidated under Super Group, listed on the ASX in March 2015, and was taken private by Pacific Equity Partners in May 2025. SG Fleet manages more than 250,000 vehicles globally (over 270,000 in Australia, 25,000+ in New Zealand, 18,000 in the UK) serving 1,500+ Australian and 500+ New Zealand corporate clients, and holds 39% share of UK risk fleet in the salary sacrifice segment.

The technology stack is anchored by the Fleetintelligence reporting portal, Bookingintelligence resource management application, Motrak GPS and sensor-based telematics, and the eStart/eManage EV transition and in-life management solutions. Supporting sub-brands include Novalease (personal lease-based salary sacrifice) and Salarylease (business lease-based salary sacrifice) in the UK, Litelease and SG Taxi for flexible mobility, and integrated maintenance, accident management, funding, and consultancy modules. The platform is supplemented by partner integrations with Kwik Fit (tyres/MOT), 1link (100,000+ vehicles across 1,000+ UK locations), Experian (credit checks), and Close Brothers Finance.

The business model is multi-stream and primarily recurring: subscription/managed-service fees from fleet management contracts, recurring rental income from leased vehicles (including novated leases), transaction-based fees from short-term rental and Litelease, and managed-service revenue from salary sacrifice administration. Go-to-market combines enterprise field sales for large corporate and government fleets, inside sales for employer-sponsored salary sacrifice schemes, and self-service portals (Motorchoice, mySG, electric car listing) for SMB and employee segments. The company is regulated by the FCA in the UK (reference 625294) and ISO 27001 certified across the group.

Short descriptiontext

SG Fleet Group provides integrated fleet management, vehicle leasing, and salary packaging services to corporate, government, and employee clients across Australia, New Zealand, and the United Kingdom, managing over 250,000 vehicles globally.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersPymble, Australia
HQ citystring
Pymble
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices11 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
fleet management services, vehicle leasing, salary packaging, novated leasing, corporate mobility solutions
Industry4 codes
1Corporate & Employee Fleet Programs
CodeTHADAKACPrimaryYes
2Government & Public Sector Fleet Management
CodeTHADAKAEPrimaryNo
3Commercial Fleet Leasing & Management (Trucks/Vans/LCVs)
CodeTHADAKADPrimaryNo
4Short-Term Fleet Rental / Flex Fleet (Replacement & Peak Demand)
CodeTHADAKALPrimaryNo
NAICS code2 codes
  • Automotive Equipment Rental and Leasing5321
  • Passenger Car Leasing532112
SIC code1 code
  • Services-Auto Rental & Leasing (No Drivers)7510
Product category
Fleet Management Services
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Fleet Management Services
TypeSubscription Recurring
Description

Recurring fleet management fees for services including vehicle leasing, maintenance management, accident management, and fleet optimization. Revenue generated through managed service contracts with corporate and government clients.

sgfleet.com
2Vehicle Leasing
TypeSubscription Recurring
Description

Corporate vehicle leasing and novated leases generating recurring rental income from leased vehicles. Includes short-term and long-term leasing arrangements.

sgfleet.com
3Salary Sacrifice Schemes
TypeManaged Services
Description

Employee car benefit salary sacrifice schemes where employers offer vehicle benefits through salary packaging, with SG Fleet providing administration and vehicle provision services.

sgfleet.com
4Short-term Rental and Litelease
TypeTransaction Fee
Description

Flexible vehicle rental solutions including daily rental, short-term hire, and medium-term Litelease arrangements for businesses.

sgfleet.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Pricing details3 tiers
1Salary Sacrifice Scheme - 20% Taxpayer Example
ModelOtherBilling cadenceMonthly
Notes

Vehicle costing £500 gross salary sacrifice results in £150 monthly tax savings for 20% taxpayer, with £15 monthly BiK tax, effective cost of £365/month.

sgfleet.com
2Salary Sacrifice Scheme - 40% Taxpayer Example
ModelOtherBilling cadenceMonthly
Notes

Vehicle costing £500 gross salary sacrifice results in £210 monthly tax savings for 40% taxpayer, with £30 monthly BiK tax, effective cost of £320/month.

sgfleet.com
3Employer Savings
ModelOtherBilling cadenceMonthly
Notes

Employers can save £50 per month per salary sacrifice vehicle through reduced National Insurance contributions.

sgfleet.com
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 8 records shown
1Fleetintelligence
Description

Online tool with a variety of reporting functions that allow control of business expenditure and minimise risk.

sgfleet.com
+7 more records
Core offering1 text field

SG Fleet Group provides integrated corporate fleet management, vehicle leasing (including novated and short-term rental), and salary packaging/sacrifice services across Australia, New Zealand, and the United Kingdom. The company manages over 250,000 vehicles for more than 1,500 corporate and government clients through proprietary platforms for fleet reporting (Fleetintelligence), telematics (Motrak), resource booking (Bookingintelligence), and EV transition planning (eStart).

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 97% of short-term vehicle hire bookings go ahead right the first time
+4 more records
Product overview1 text field

SG Fleet operates as an integrated mobility solutions platform offering fleet management, vehicle leasing, and employee benefit services across Australia, New Zealand, and the UK. The core platform is built around Fleetintelligence (reporting and analytics portal) and Bookingintelligence (resource management portal), supported by comprehensive fleet management services. The product portfolio includes specialised sub-brands for salary sacrifice schemes: Novalease (personal lease-based) and Salarylease (business lease-based) in the UK, alongside Novated Leasing for Australian employees. EV fleet solutions are delivered through eStart (transition planning) and eManage (in-life management). Supporting modules cover maintenance, accident management, funding solutions, consultancy, downtime management, short-term rental (Daily Rental, Litelease), telematics (Motrak), roadside assistance, insurance, and used vehicle provision. The Australian operation additionally offers salary packaging, remote area housing, and FIFO employee benefits. The NZ operation provides vehicle leasing and fleet management with a focus on sustainability.

Product and service1 record
1Fleet Management
Scale indicator15 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeOthers
Description

UK financial regulator that authorized and regulates SG Fleet UK Limited (FCA reference number 625294).

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Preferred tyre provider for fleet and salary sacrifice customers, with online fleet bookings portal for MOT, tyres, and brakes.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Insurance broker arranging insurance products primarily underwritten by Aviva for SG Fleet customers.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeEmerging player
Description

Fleetio is a fast-growing SaaS fleet management platform that digitizes maintenance, fuel, and driver workflows for mid-market and smaller fleets. It represents the emerging software-only competition to traditional outsourced fleet management players like SG Fleet, particularly among SMB customers.

TypeDirect peer
Description

Wheels is a long-established North American fleet management company specializing in full-service fleet leasing, accident management, and telematics-led driver programs. Its integrated platform and service mix closely mirror SG Fleet's Fleetintelligence, Motrak, and accident management stack.

TypeBroad incumbent
Description

Element Fleet Management is the world's largest pure-play fleet management company, managing millions of vehicles across North America, Europe, and Australasia. It overlaps with SG Fleet in fleet management services, analytics, and EV transition support, though at materially greater scale.

TypeBroad incumbent
Description

Ayvens was formed by the merger of ALD Automotive and LeasePlan and is the largest global vehicle leasing and fleet management player. It directly overlaps with SG Fleet in operating leases, full-service fleet management, and increasingly in EV fleet consulting across the same three regions.

TypeBroad incumbent
Description

Holman is a US-headquartered, family-owned fleet management and leasing provider with international reach. It competes for large multi-national corporate fleet accounts and increasingly in EV fleet transition services that mirror SG Fleet's eStart offering.

TypeDirect peer
Description

Custom Fleet is one of Australia's largest fleet management and vehicle leasing providers, serving corporate and government clients with end-to-end fleet solutions. It directly competes with SG Fleet in the Australian fleet management, novated leasing, and short-term rental markets.

TypeBroad incumbent
Description

LeasePlan, now part of Ayvens, historically operated the largest global fleet leasing franchise and previously ran a sizeable ANZ business that SG Fleet acquired in 2025. It is the historical reference point and former competitor for SG Fleet's corporate fleet customers.

TypeBroad incumbent
Description

Enterprise Fleet Management is the fleet management arm of Enterprise Mobility, managing hundreds of thousands of vehicles primarily in North America. It is an incumbent competitor in full-service fleet management and corporate vehicle programs adjacent to SG Fleet's core offering.

TypeDirect peer
Description

ORIX Australia operates a sizeable corporate fleet leasing and management business, including novated leases for individual employees. It is a direct competitor in the Australian corporate fleet management and salary packaging segments.

TypeOthers
Description

Geotab is the leading independent telematics provider for commercial fleets, supplying GPS tracking and driver behavior analytics. Its MyGeotab platform competes directly with SG Fleet's Motrak telematics offering for both internal and third-party fleet operator deployments.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration4 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries4 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment2 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SG Fleet Group

Fleet Management Servicessgfleet.com

SG Fleet Group provides integrated fleet management, vehicle leasing, and salary packaging services to corporate, government, and employee clients across Australia, New Zealand, and the United Kingdom, managing over 250,000 vehicles globally.

What SG Fleet Group does

SG Fleet Group is an integrated mobility solutions provider offering fleet management, vehicle leasing, salary packaging, and novated lease services to corporate, government, and employee clients across Australia, New Zealand, and the United Kingdom. The company originated as Lease Way in 1988, was consolidated under Super Group, listed on the ASX in March 2015, and was taken private by Pacific Equity Partners in May 2025. SG Fleet manages more than 250,000 vehicles globally (over 270,000 in Australia, 25,000+ in New Zealand, 18,000 in the UK) serving 1,500+ Australian and 500+ New Zealand corporate clients, and holds 39% share of UK risk fleet in the salary sacrifice segment.

The technology stack is anchored by the Fleetintelligence reporting portal, Bookingintelligence resource management application, Motrak GPS and sensor-based telematics, and the eStart/eManage EV transition and in-life management solutions. Supporting sub-brands include Novalease (personal lease-based salary sacrifice) and Salarylease (business lease-based salary sacrifice) in the UK, Litelease and SG Taxi for flexible mobility, and integrated maintenance, accident management, funding, and consultancy modules. The platform is supplemented by partner integrations with Kwik Fit (tyres/MOT), 1link (100,000+ vehicles across 1,000+ UK locations), Experian (credit checks), and Close Brothers Finance.

The business model is multi-stream and primarily recurring: subscription/managed-service fees from fleet management contracts, recurring rental income from leased vehicles (including novated leases), transaction-based fees from short-term rental and Litelease, and managed-service revenue from salary sacrifice administration. Go-to-market combines enterprise field sales for large corporate and government fleets, inside sales for employer-sponsored salary sacrifice schemes, and self-service portals (Motorchoice, mySG, electric car listing) for SMB and employee segments. The company is regulated by the FCA in the UK (reference 625294) and ISO 27001 certified across the group.

SG Fleet Group firmographics

Firmographics
Name
SG Fleet Group
Legal name
SG Fleet Australia Pty Limited
Website
https://sgfleet.com
Company type
Private
Founded year
1988
Operating status
Operating
Headcount range
501–1,000 employees
Short description
SG Fleet Group provides integrated fleet management, vehicle leasing, and salary packaging services to corporate, government, and employee clients across Australia, New Zealand, and the United Kingdom, managing over 250,000 vehicles globally.
Ownership category
akta.pro rank

SG Fleet Group industry classification

Industry
Product category
Fleet Management Services
NAICS
Automotive Equipment Rental and Leasing (5321), Passenger Car Leasing (532112)
SIC
Services-Auto Rental & Leasing (No Drivers) (7510)
akta.pro primary industry
Corporate & Employee Fleet Programs (THADAKAC)
akta.pro secondary industries
Government & Public Sector Fleet Management (THADAKAE), Commercial Fleet Leasing & Management (Trucks/Vans/LCVs) (THADAKAD), Short-Term Fleet Rental / Flex Fleet (Replacement & Peak Demand) (THADAKAL)

Keywords

  • Fleet management services
  • Vehicle leasing
  • Salary packaging
  • Novated leasing
  • Corporate mobility solutions

Where SG Fleet Group is headquartered

Location

Headquarters

HQ city
Pymble
HQ country
Australia
HQ region
Oceania

Offices11 records

Markets served

SG Fleet Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

  1. Fleet Management Services: Recurring fleet management fees for services including vehicle leasing, maintenance management, accident management, and fleet optimization. Revenue generated through managed service contracts with corporate and government clients.
  2. Vehicle Leasing: Corporate vehicle leasing and novated leases generating recurring rental income from leased vehicles. Includes short-term and long-term leasing arrangements.
  3. Salary Sacrifice Schemes: Employee car benefit salary sacrifice schemes where employers offer vehicle benefits through salary packaging, with SG Fleet providing administration and vehicle provision services.
  4. Short-term Rental and Litelease: Flexible vehicle rental solutions including daily rental, short-term hire, and medium-term Litelease arrangements for businesses.

Pricing tiers

ModelBillingPrice
OtherMonthlySalary Sacrifice Scheme - 20% Taxpayer Example
OtherMonthlySalary Sacrifice Scheme - 40% Taxpayer Example
OtherMonthlyEmployer Savings

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

SG Fleet Group product offering

Product offering

Core offering

SG Fleet Group provides integrated corporate fleet management, vehicle leasing (including novated and short-term rental), and salary packaging/sacrifice services across Australia, New Zealand, and the United Kingdom. The company manages over 250,000 vehicles for more than 1,500 corporate and government clients through proprietary platforms for fleet reporting (Fleetintelligence), telematics (Motrak), resource booking (Bookingintelligence), and EV transition planning (eStart).

Product overview

SG Fleet operates as an integrated mobility solutions platform offering fleet management, vehicle leasing, and employee benefit services across Australia, New Zealand, and the UK. The core platform is built around Fleetintelligence (reporting and analytics portal) and Bookingintelligence (resource management portal), supported by comprehensive fleet management services. The product portfolio includes specialised sub-brands for salary sacrifice schemes: Novalease (personal lease-based) and Salarylease (business lease-based) in the UK, alongside Novated Leasing for Australian employees. EV fleet solutions are delivered through eStart (transition planning) and eManage (in-life management). Supporting modules cover maintenance, accident management, funding solutions, consultancy, downtime management, short-term rental (Daily Rental, Litelease), telematics (Motrak), roadside assistance, insurance, and used vehicle provision. The Australian operation additionally offers salary packaging, remote area housing, and FIFO employee benefits. The NZ operation provides vehicle leasing and fleet management with a focus on sustainability.

Differentiator

Problem solved

Functional benefit

Brands

  • Fleetintelligence: Online tool with a variety of reporting functions that allow control of business expenditure and minimise risk.
  • Bookingintelligence
  • Motrak
  • eStart
  • Litelease
  • SG Taxi
  • Novalease
  • Salarylease

Products and services

  • Fleet Management

Quantifiable outcome

  • 97% of short-term vehicle hire bookings go ahead right the first time
  • +4 more outcomes

Companies that use SG Fleet Group

Customer profile

Named customers2 records

Segments4 records

Ideal customer profiles4 records

SG Fleet Group technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

SG Fleet Group partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • Financial Conduct Authority (FCA)coreOthersUK financial regulator that authorized and regulates SG Fleet UK Limited (FCA reference number 625294).
  • Kwik FitminorChannel Partner/ Reseller/ DistributorPreferred tyre provider for fleet and salary sacrifice customers, with online fleet bookings portal for MOT, tyres, and brakes.
  • Lloyd Latchford Insurance Brokers LtdminorChannel Partner/ Reseller/ DistributorInsurance broker arranging insurance products primarily underwritten by Aviva for SG Fleet customers.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

SG Fleet Group competitors and assessment

Company assessment

Emerging players

  • Fleetio: Fleetio is a fast-growing SaaS fleet management platform that digitizes maintenance, fuel, and driver workflows for mid-market and smaller fleets. It represents the emerging software-only competition to traditional outsourced fleet management players like SG Fleet, particularly among SMB customers.

Direct peers

  • Wheels: Wheels is a long-established North American fleet management company specializing in full-service fleet leasing, accident management, and telematics-led driver programs. Its integrated platform and service mix closely mirror SG Fleet's Fleetintelligence, Motrak, and accident management stack.
  • Custom Fleet: Custom Fleet is one of Australia's largest fleet management and vehicle leasing providers, serving corporate and government clients with end-to-end fleet solutions. It directly competes with SG Fleet in the Australian fleet management, novated leasing, and short-term rental markets.
  • ORIX Australia (ORIX Fleet Operations): ORIX Australia operates a sizeable corporate fleet leasing and management business, including novated leases for individual employees. It is a direct competitor in the Australian corporate fleet management and salary packaging segments.

Broad incumbents

  • Element Fleet Management: Element Fleet Management is the world's largest pure-play fleet management company, managing millions of vehicles across North America, Europe, and Australasia. It overlaps with SG Fleet in fleet management services, analytics, and EV transition support, though at materially greater scale.
  • Ayvens (formerly ALD Automotive / LeasePlan): Ayvens was formed by the merger of ALD Automotive and LeasePlan and is the largest global vehicle leasing and fleet management player. It directly overlaps with SG Fleet in operating leases, full-service fleet management, and increasingly in EV fleet consulting across the same three regions.
  • Holman: Holman is a US-headquartered, family-owned fleet management and leasing provider with international reach. It competes for large multi-national corporate fleet accounts and increasingly in EV fleet transition services that mirror SG Fleet's eStart offering.
  • LeasePlan: LeasePlan, now part of Ayvens, historically operated the largest global fleet leasing franchise and previously ran a sizeable ANZ business that SG Fleet acquired in 2025. It is the historical reference point and former competitor for SG Fleet's corporate fleet customers.
  • Enterprise Fleet Management: Enterprise Fleet Management is the fleet management arm of Enterprise Mobility, managing hundreds of thousands of vehicles primarily in North America. It is an incumbent competitor in full-service fleet management and corporate vehicle programs adjacent to SG Fleet's core offering.

Others

  • Geotab: Geotab is the leading independent telematics provider for commercial fleets, supplying GPS tracking and driver behavior analytics. Its MyGeotab platform competes directly with SG Fleet's Motrak telematics offering for both internal and third-party fleet operator deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

SG Fleet Group social profiles

Digital presence

SG Fleet Group compliance and trust

Trust signal

Compliance2 records

SG Fleet Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SG Fleet Group leadership team

Management profile

Number of profiles

Profiles2 records

SG Fleet Group subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

SG Fleet Group funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SG Fleet Group M&A and investment

M&A and investment

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SG Fleet Group

What does SG Fleet Group do?

SG Fleet Group provides integrated corporate fleet management, vehicle leasing (including novated and short-term rental), and salary packaging/sacrifice services across Australia, New Zealand, and the United Kingdom. The company manages over 250,000 vehicles for more than 1,500 corporate and government clients through proprietary platforms for fleet reporting (Fleetintelligence), telematics (Motrak), resource booking (Bookingintelligence), and EV transition planning (eStart).

Is SG Fleet Group a public or private company?

SG Fleet Group is a private company. It is classified as private equity controlled and is currently operating.

When was SG Fleet Group founded?

SG Fleet Group was founded in 1988. It employs 501 to 1,000 people.

Where is SG Fleet Group based?

SG Fleet Group is headquartered in Pymble, Australia, in the Oceania region.

How does SG Fleet Group make money?

Four revenue lines are on record. Fleet Management Services are the primary driver. The others are vehicle Leasing, salary Sacrifice Schemes and short-term Rental and Litelease.

Who are SG Fleet Group's main competitors?

Fleetio is listed as an emerging player. Direct peers are Wheels, Custom Fleet and ORIX Australia (ORIX Fleet Operations). Broad incumbents are Element Fleet Management, Ayvens (formerly ALD Automotive / LeasePlan), Holman, LeasePlan and Enterprise Fleet Management. Geotab is listed as an others.

Does SG Fleet Group have an API?

No public API is recorded for SG Fleet Group.

What industry is SG Fleet Group in?

SG Fleet Group's product category is Fleet Management Services. Its primary akta.pro industry code is THADAKAC, Corporate & Employee Fleet Programs, with a secondary code of THADAKAE, Government & Public Sector Fleet Management. Its NAICS code is 5321 and its SIC code is 7510.

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Live signals
Investing.comWhy is Fleetpartners stock surging today? By Investing.comFleetpartners stock surged 11.4% to A$4.60 on Monday amid a bidding war, with three suitors—ORIX, Sumitomo Consortium, and SG Fleet Topco—submitting A$4.65 per share. The company granted them access to further due diligence, narrowing the field after Element Fleet Management withdrew.Channel NewsAsiaSG Fleet, ORIX, Sumitomo raise bids for Australia's FleetPartnersFleetPartners received revised bids from SG Fleet, ORIX, and a Sumitomo-led consortium, valuing the vehicle leasing firm at up to A$982.1 million. SG Fleet raised its offer to A$4.55 per share, while ORIX and Sumitomo each offered A$4.65, a premium of 10.2% and 12.6% over the last close. The board granted each bidder further due diligence, with no offer binding.DealStreetAsiaSumitomo joins four-way race for Australia's FleetPartners with $582m bidSumitomo-led consortium offered A$813.1 million for FleetPartners, the fourth takeover bid in less than a month. The A$3.85 per share offer tops ORIX and Element Fleet's A$3.80 but trails SG Fleet's A$4.00. FleetPartners shares slipped 0.2% to A$4.23.MarketScreenerAustralia's FleetPartners opens books to SG Fleet, Element and ORIX as takeover war heats upAustralia's FleetPartners Group has granted limited due diligence access to takeover suitors SG Fleet, Element Fleet, and ORIX Corp to facilitate informed revised offers. The board is currently assessing these proposals alongside shareholder feedback while remaining open to alternative bids. This development marks an intensification of the competitive bidding process for the vehicle-leasing firm.Investing.comWhy is Fleetpartners stock surging today? By Investing.comFleetpartners Group Ltd's stock surged by 5.2% to A$4.07 on Wednesday due to an escalating bidding war for the company. The board rejected an offer from SG Fleet and is now considering a proposal from Element Fleet Management Corp. to acquire Fleetpartners at A$3.80 per share, with the possibility of increasing the offer to A$4.00 under certain conditions. This indicates heightened competition for Fleetpartners' acquisition.Investing.comWhy is Fleetpartners stock surging today? By Investing.comFleetpartners Group Ltd stock surged 5.2% to A$4.07 amid an intensifying bidding war for the North Sydney-based fleet management company. The board rejected SG Fleet's indicative proposal as undervalued and is considering Element Fleet Management Corp.'s non-binding offer of A$3.80 per share, which Element has proposed increasing to A$4.00 conditional on a three-week exclusivity period. With the stock trading above Element's current offer price, the market is weighing the prospect of a higher-priced transaction or further competitive tension.Business News AustraliaFleetPartners three-way takeover battle heats upFleetPartners Group has rejected an exclusivity request from Canadian suitor Element Fleet Management Corp, escalating a three-way takeover battle involving SG Fleet Topco and Japan's ORIX Corporation. The contest features competing indicative bids ranging from $3.80 to $4 per share for the ASX-listed firm, which is valued at approximately $854 million. All proposals remain non-binding and conditional as the board evaluates the offers without granting due diligence access to any party.AInvestFleetPartners Group - receives revised indicative non-binding A$4.00 per share offer from SG FleetFleetPartners Group has received a revised indicative non-binding offer from SG Fleet at A$4.00 per share, up from the earlier rejected A$3.60 per share proposal. Canadian rival Element Fleet Management Corp has also submitted a competing non-binding indicative offer of A$3.80 per share, with the possibility to increase to A$4.00 if FleetPartners agrees to a three-week exclusivity period. The FleetPartners board is currently evaluating both proposals, with the company's shares rising to A$3.85 on investor optimism about higher transaction potential.FleetautonewsFleetPartners takeover battle heats up as Element crashes SG Fleet’s partyA bidding process for FleetPartners has intensified as Element Fleet Management has made a higher offer than SG Fleet. The FleetPartners Board rejected SG Fleet's initial bid, and Element indicated it could increase its bid if exclusivity terms are met by August 11.YahooFleetPartners shares jump 11% as board rejects $3.60 SG Fleet bid and weighs Element offerFleetPartners shares increased by 11% after rejecting a $3.60-per-share bid from SG Fleet and considering a $3.80-per-share proposal from Element Fleet Management Corp. The company is evaluating the offers and has indicated potential for further negotiations, including an enhanced offer from Element.