The independent fleet management provider said it closed this year with a contracted fleet of more than 180,000 vehicles, a year-on-year growth rate of almost 25%. That growth has come from existing customers in new countries as Fleet Logistics’ expansion continues across Europe and into Asia, and from new client wins in a variety of new areas.

Key to Fleet Logistics’ expansion eastwards this year has been the setting up of a new hub operation in Singapore from which a whole host of new countries can be serviced. These include India, Pakistan, Bangladesh, Thailand, Philippines, Indonesia, Vietnam, Malaysia, China, Taiwan, and South Korea.

Future expansion plans in the region include entry into the fleet markets in Australia and Japan from newly developed local offices, using the existing footprint of parent TÜV SÜD in the locality – a move which is expected to take place by the end of the first half of 2016.

The company is also planning a move into Latin America in the first quarter of next year, operating a hub operation from São Paolo in Brazil from where it will be able to service fleet clients in a variety of different countries.

As part of its strategy for Latin America, Fleet Logistics will initially take on the management of any existing leasing companies or fleet management suppliers that its clients may be using in the region, until it has established its own dedicated operations, and with its own account management structure in place.

Other areas earmarked for expansion in 2016 include South Africa, again using existing TÜV SÜD infrastructure in the country, although a deadline has not yet been set for this development.

Looking back over some of the key developments of 2015, Fleet Logistics CEO Rainer Laber, said there had been a number of initiatives during the last 12 months that would have a significant impact on the future development of the business, including the acquisition of TCOPlus and its sister company, FleetVision.

The new association will allow the Fleet Business Unit to offer the TCOPlus reporting solutions to global fleet owners.

“This will allow us to offer our clients more sophisticated global reporting solutions in addition to the existing global reporting platform that we had already developed ourselves. We will also be able to provide detailed dashboards showing clients’ fleet operations, closing an obvious gap that existed in our portfolio, and we see this as a significant growth opportunity going forward,” said Rainer Laber.

“We now plan to roll out the new dashboards into existing markets with existing clients and to new clients in new markets early in the new year,” he added.