TIP Group has announced the acquisition of Trailer Auto Group (TAG), a trailer refurbishment facility located in Stoke-on-Trent, UK.
The purchase enhances TIP’s capabilities and extends its commitment to the transportation sector, the company said in a statement.
Established in 2022, TAG has a modern workshop with 41 bays and a dedicated workforce of 105 employees, including 85 skilled mechanics. TIP Group expects all TAG employees to transition seamlessly to TIP.
The acquisition comes at a time when trailer refurbishment has become increasingly vital due to rising new equipment costs and corporate ESG (Environmental, Social, and Governance) demands.
“Acquiring TAG will significantly enhance our ability to extend the life of our fleet and expand our offerings to both existing and new customers,” said TIP Group Managing Director UK & Ireland, Mike Furnival. “The workshop’s central location will facilitate trailer refurbishment, damage repairs, servicing, and MOT preparation.”
This acquisition is expected to strengthen TIP’s refurbishment business and upsell its comprehensive range of products and services. With the addition of TAG, TIP now operates 30 locations in the UK.
In other news, DFDS, has launched a new freight ferry service between Italy and Egypt.
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