Cubo acquired by Fuel Card Services – A New Chapter in Innovation and Growth
16th Jul 2024
Cubo are thrilled to announce a significant milestone in our journey – our recent acquisition by Fuel Card Services (part of DCC plc).
Conor Patton, Sales and Marketing Director at Cubo, said “We are excited to join Fuel Card Services and contribute to its goal of becoming a leading provider of fleet management solutions. Together, we will continue to innovate and develop solutions that meet the demands of the modern fleet industry.”
Who are Fuel Card Services?
Fuel Card Services is one of the largest fuel card providers in the UK, selling over 800 million litres of fuel to over 50,000 customers, with over £1 billion of sales in FY24.
Whilst their legacy is in fuel cards, they are focused on continuing to drive performance by listening to their customers, harnessing digital innovation, supporting EV transitions, and expanding their suite of fleet products and services. Fuel Card Services intend to find sustainable solutions wherever they can, so that they don’t just meet the needs and expectations of their customers but exceed them. They have an ambitious and energetic team of over 250 talented colleagues, across four locations (Leeds, Burnley, Halifax, and Motherwell), working together to become the leading provider of energy and mobility services to the UK’s SME sector.
Jenny McQuaid, Managing Director at Fuel Card Services, added “We are thrilled to introduce these new solutions that address critical needs when managing a fleet. Our goal is to provide our customers with the best tools to optimise their operations, ensure compliance and improve sustainability. This acquisition will help drive the overall DCC Cleaner Energy In Your Power strategy.”
The Strategic Vision:
Joining Fuel Card Services is a strategic move designed to amplify our capabilities, enhance our service offerings, and drive innovation in the telematics industry. Here’s how:
- Expanded resources and capabilities means more robust and innovative solutions for our customers, tailored to meet the evolving needs of the market.
- Our combined strengths will allow us to have an even greater focus on customer satisfaction. Our commitment to excellence remains unwavering.
- Broadened Product Portfolio: The acquisition enables us to expand our product portfolio.
- Innovative Growth Opportunities: With the support of Fuel Card Services, we can accelerate our R&D efforts, bringing innovative solutions to market faster. Our shared vision for the future is centred around continuous improvement and staying ahead of industry trends.
- Market Expansion: This acquisition opens doors to new markets and geographic regions, allowing us to serve a broader customer base. Our goal remains to be a leader in telematics.
Thank you for your continued support and trust in us. We look forward to embarking on this exciting journey together. Stay tuned for more updates! For any further questions please do not hesitate to contact us at hello@wearecubo.com
