The Burley Group, a Sheffield-based provider of fleet, transpiration and construction insurance, has been acquired by Radius Payment Solutions, the group behind the telematics and fuel card brands Kinesis and UK Fuels.
The deal will allow the group to access the 1.2 million UK Fuel card holders, as well as being able to take advantage of the development of telematics linked products.
Acquiring the Burley Group is part of a diversification strategy for Radius, as Chief Executive Bill Holmes explains: “This move is a great move for Radius as it significantly strengthens our insurance division with a company that has a long history of providing great service to its customers.
“We plan to both significantly expand the sales operation as well as create new products driven by data from our telematics platform.”
Mathew Mawson, MD of The Burley Group, added: “Joining the Radius group of companies represents a fantastic opportunity for the business and our staff. Aligned, as we are, to the transport sector we sit perfectly with Radius’ fuel card and telematics businesses, providing a great opportunity to maximise growth through its divisions.
“We’re particularly excited about the prospect of connecting with its telematics products, and the possibilities this will bring, in addition to the investment that will be made allowing us to expand our footprint across the UK. It’s a great move and a really exciting time for Burley.”