Pema joins TIP group
TIP Trailer Services, a provider of trailer leasing, rental, maintenance and repairs across Europe and Canada, has completed the acquisition of Pema, a company that rents and leases commercial vehicles across Belgium, Czechia, Denmark, Germany, Poland, Sweden and Switzerland.
“This milestone solidifies TIP and Pema’s strengths in transportation and logistics and positions our joint companies for long-term diversification and growth in keeping with our strategy,” said Bob Fast, president and CEO of TIP Trailer Services.
Combined, the companies have approximately 90,000 trailers and trucks as well as over 100 workshops, representing one of the largest repair networks in Europe and Canada with 208 mobile service vans that provide one-stop-shop solutions for a wide variety of vehicle equipment.
The management teams of the two companies are working together on an integration plan to allow for a smooth transition. Until integration, existing contracts, services, terms and conditions and processes will remain in place at each of the businesses. (mw)