Caledonia Investments PLC (GB:CLDN) has released an update.
Caledonia Investments PLC has acquired a majority stake in Direct Tyre Management Limited, the UK’s leading independent tyre management service provider, for £55m. This acquisition aligns with Caledonia’s investment strategy to support well-established companies with strong management teams. DTM boasts a solid growth history, managing over 1.3 million tyres for approximately 250 fleet customers, and is positioned for further expansion with Caledonia’s backing.
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