Following the acquisition of Inchcape Fleet Solutions (IFS) by Toyota Fleet Mobility (TFM), the business is to be rebranded as Kinto, the new mobility brand launched by Toyota earlier this year.
TFM completed its acquisition of IFS in December 2019, continuing its expansion in Europe and entering the UK’s fleet management and full-service leasing market with the benefit of IFS’s established operations and customer base.
The rebranding of IFS as Kinto is expected to be completed within the first six months of 2020.
Tom Fux, CEO Toyota Fleet Mobility Europe, said: “The acquisition of IFS was an important milestone for TFM in the European market. As Toyota transitions from being a car manufacturer to a mobility company, rebranding IFS as Kinto not only ensures that the IFS business remains neutral, it also supports our strategy to grow our total European business by adding new mobility services to our traditional business models.”
Matthew Rumble, Managing Director Inchcape Fleet Solutions, said: “With a strong growth plan and investment from our new owners, we are delighted to have this opportunity to grow our business and continue on our exciting fleet and mobility journey under the new Kinto brand.”