Santander Consumer Finance (SCF) has acquired CLM Fleet Management to expand its presence in the U.K. leasing sector.
CLM Fleet Management has 40 years of experience managing fleet vehicles for corporate customers.
The acquisition aims to position Santander as a major provider of leasing agreements to fleets operating company cars across Europe.
Santander also expanded its small business offering in the U.S., allowing small business owners and entrepreneurs to finance vehicles through its consumer banking division.