Citing the increasing signs of recovery in the UK and global economies, the firm is to invest the funds in back-office facilities, including the ongoing development of new and innovative technologies, which are designed to further enhance vehicle inspection, asset management and online remarketing tools.

The firm added that these developments will help the company take full advantage of the expanding and rapidly changing vehicle de-fleet and remarketing requirements through 2014 and beyond. The initial investment has already secured significant contracts with businesses in both Europe and Australasia and the company is anticipating more new contracts in both geographic areas.

‘These are very exciting times for the vehicle remarketing business globally and the UK. We certainly leading in terms of innovative thinking and fleet management and disposal solutions,’ said Hudson Kapel Remarketing’s Alan Henson.

‘By embracing and developing new technologies we are able to bring tangible efficiencies and savings to many companies wanting to de-fleet vehicles. By bringing together the core strengths from the Hudson Kapel Group allied to my experience of the vehicle remarketing and auction businesses we are able to leverage new thinking and ground-breaking propositions to the industry.’