Akzo Nobel to Acquire Aon Motor Accident Management

October 13, 2004

Akzo Nobel’s Nobilas Claims & Fleet solutions business has agreed to acquire the UK-based Aon Motor Accident Management company (AMAM) owned by Aon. Financial details have not been disclosed.

The company’s newest business unit, Nobilas manages the complete repair cycle of a car, including the claims handling and invoicing of all parties concerned. The acquisition means that Nobilas will reportedly 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,” said Rudy van der Meer, member of Akzo Nobel’s Board of Management responsible for Coatings.

Added Nobilas General Manager, Cor de Grauw: “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.”

Agreement on the transaction 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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