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ARI acquires HPI fleet

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Mount Laurel-based fleet management company ARI announced today it has acquired German company HPI Fleet. The transaction is expected to close in October, at which time HPI Fleet will operate as ARI.

Financial terms were not disclosed.

According to the announcement, the transaction is expected to close in October, at which time HPI Fleet will operate as ARI. ARI will manage its continental European operations from its offices in Stuttgart and Frankfurt, Germany, and its UK operations from Chippenham, England.

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Write to the Editorial Department at editorial@njbiz.com

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