BT sold its fleet management business to private equity firm Aurelius as part of an ongoing restructuring program for the UK's largest telecommunications company.
Founded in 2002, BT Fleet Management is responsible for 80,000 vehicles for 26 companies in the UK, including BT.
The unit is based in Solihull and has a national network of 65 internal garages and 500 associated facilities. In total, it employs more than 950 people.
BT fleet management
As part of this agreement, the division, which will change its name in the next 12 months, will continue to manage BT's fleet. The value of the transaction has not been disclosed, but it should be finalized in the second half of this year.
"With BT's renewed efforts to invest in the UK's best fixed and mobile networks and BT Fleet Solutions' solutions well positioned to continue to grow, now is the time for the company to find a new home," said Gerry McQuade, BT Enterprise. CEO.
"Aurelius is ideally positioned to support the next phase of BT Fleet Solutions development and provide new services to its customers. I would like to thank our colleagues at BT Fleet Solutions for all they have done for the company and the BT group in general and I wish you every success for the future. "
Last year, former CEO Gavin Patterson announced a restructuring plan to cut 13,000 jobs, mostly in administrative and middle management positions, and transfer business to 30 sites. in the United Kingdom.
The changes are expected to save € 1.3 billion, allow the streamlined company to react more quickly to market trends and be closer to customers. There will be fewer executive roles with more responsibilities and more engineering and customer service jobs created.
Last month the company confirmed the signing of a deal to sell its London headquarters in St Pauls for £ 210 million and lease the building for 30 months, the time of installation at new premises in Aldgate.