As BT focuses on its core infrastructure, it has begun selling off business units it regards as peripheral. One such unit is BT Fleet Solutions, sold to Aurelius Equity Opportunities for an undisclosed sum. Established in 2002 and based in Solihull, the unit manages 80,000 vehicles for 26 business customers (including Openreach, the AA, EDF and the National Grid), and reported revenues of £209.5 million in 2017-18. The company will be rebranded in the next 12 months.
UK press reports indicate that BT is also looking for a buyer for Tikit, a software provider in the legal sector.
BT sells its fleet management business
BT offloads non-core fleet management and looks for a buyer for Tikit
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