Cox Automotive Acquires FleetNet America

Cox Automotive has acquired FleetNet America to build on the company's goal to deliver an expansive service provider network.

A subsidiary of ArcBest, FleetNet's emergency mobile assistance offering utilizes a network of more than 60,000 independent service providers throughout the United States, Canada and Puerto Rico. Services include brokering emergency mobile assistance, mobile truck repair, towing and recovery, preventative maintenance and tire repair.

The vision of Cox Automotive Mobility Fleet Services is to allow fleets to find and connect with specialized service providers when and where they need them. A proprietary technology, which includes FleetNet's mobile app for smartphones, delivers a automated workflow to keep vehicles healthy and on the road, and fleet providers focused on their business, Cox Automotive officials said in a press release.

Paired with Cox Automotive's expertise in creating two-sided marketplaces, ability to deliver data insights and operating at global scale, this acquisition will fuel the companies' collective commitment to delivering greater flexibility, transparency and communication, company officials said.

"While both FleetNet and Cox Automotive are leaders in the market today, we haven't even scratched the surface of where we will take fleet operations tomorrow," said John Wood, president of FleetNet America. "Together, our teams will move the industry forward in a transformative way."