Aviva Sells RAC Fleet Businesses

Aviva sold its RAC fleet businesses in a deal worth $159.3m. The deal involves a fleet of 27,000 vehicles, which have been bought by shipbuilding and support service group VT, formerly known as Vosper Thornycroft. More than half of the vehicles relate to a contract with the MoD to supply its non-combat transport needs. The four businesses in the deal are Lex Transfleet, Lex Defense, Lex Defense Management and RAC Software Solutions. The operations include contracts with the MoD in ships and aircraft. Other work secured in the deal includes a new contract with the Metropolitan Police for the management and repair of around 3,600 vehicles. (Source: Norfolk Eastern Daily Press)