Akzo’s Nobilas to Acquire Aon’s UK Auto Repair Unit

June 1, 2004

The Netherlands’ Akzo Nobel announced that its Nobilas Claims & Fleet solutions business has agreed to acquire the UK-based Aon Motor Accident Management company (AMAM), which it described as “the number one automotive service provider in the world.”

No financial details have been disclosed.

Akzo’s announcement noted that Nobilas, its newest business unit, “manages the complete repair cycle of a car, including the claims handling and invoicing of all parties concerned.” By acquiring the Aon unit it will secure a leading position in the UK market.

“The decision to establish Nobilas as a separate business unit was always designed with rapid growth in mind and this strategic acquisition will not only establish Nobilas as a top three player within the UK, but will also help to further grow the business in Europe,” stated Rudy van der Meer, Member of Akzo Nobel’s Board of Management responsible for Coatings.

Nobilas General Manager, Cor de Grauw added: “This deal underlines our ambition to become a key service supplier. The existing expertise and market position of AMAM within the corporate fleet sector will now provide us with an excellent opportunity to develop the business to its maximum potential.”

The bulletin noted that the new agreement comes just a few months after Nobilas and Aon announced that they had entered into a strategic alliance, combining Nobilas’ accident repair activities with Aon’s claims and risks management expertise.

Headquartered in Hoofddorp, the Netherlands, Nobilas has also entered into services contracts with major fleet owners such as DaimlerChrysler Services Fleet Management, Budget Rent A Car System, Avis Rent A Car System and LeasePlan. Additionally, Nobilas is active in commercial vehicle identity solutions and lists TNT, Total, DHL, Repsol, Frigo and Hanson among its customers.

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