Radius gains “Traction” in the vehicle solutions business

Radius is excited to announce that it has signed a deal to acquire a majority stake in Belfast-based Traction Finance.

Traction are a long-established business that offer financing solutions to a wide variety of fleet customers across the UK and Ireland. This includes contract hire, rental, hire purchase and the sale of new and used vehicles from single user customers up to fleets of a hundred or more.

Bill Holmes, Radius CEO, commented “This acquisition follows Global Go last year which now gives Radius Vehicle Solutions increased scale and a capability to service our customers throughout the UK and Ireland. We are really looking forward to working with Paul and his team to accelerate the rollout of their products across our customer base where we think their great product portfolio and customer service will give us a competitive edge in the Irish market.”