TIP Group
FormerlyTransport International Pool
GE Trailer Fleet Services
PredecessorGE Trailer Fleet Services
Headquarters
Amsterdam
,
Netherlands[1]
Area served
Europe and Canada
Key people
  • Bob Fast (President and CEO)[2]
  • Arjen Kraaij (Deputy CEO)
  • Hans van Lierop (CFO)
  • Hiske Damhuis (CHRO)
ServicesTrailer leasing, rental, maintenance, repair, damage insurance and sales of trailers and trucks[3]
Revenue€955 million (2021)
€48.7 million (2021)
OwnerI Squared Capital
Number of employees
2,808 (2021)
Websitewww.tip-group.com

TIP Group was founded in 1968, as Transport International Pool Inc. TIP specializes in short-term and long-term rental and leasing to customers in the Netherlands and Canada. TIP's headquarters are located in Amsterdam, Netherlands. It operates in 18 countries, on two continents. TIP has a large network of maintenance points located throughout European and Canadian cities.

History

In 1993, TIP was acquired by GE Capital. With GE Capital, TIP expanded its European network. In 2007, TIP expanded its offer by introducing services like maintenance and repair services as well as telematics. In October 2013, TIP was acquired by HNA Group, a Chinese conglomerate. In 2016, TIP Trailer Services Group acquired Train Trailer Rental Ltd,[4] a Canadian provider of trailer rentals, leasing and storage. In that same year TIP acquired Dutch rental and leasing company Twan Heetkamp Trailers (THT),[5] which had a fleet of around 3,000 trailers operating across Europe.

In 2018, HNA Group sold its European TIP subsidiary to I Squared Capital[6] for a sum of around €1 billion.[7] In August 2018, I Squared Capital (ISQ) acquired 100 percent interest in TIP.

In 2022, TIP introduced the trademark name "TIP Group" to reflect the full business entities, activities and geographical scope, and the diverse fleets of various assets.

References

  1. ↑ "TIP Group".
  2. ↑ "Senior leadership team". www.tip-group.com. Archived from the original on 19 May 2023. Retrieved 19 May 2023.
  3. ↑ "Our Fleet". www.tip-group.com. Archived from the original on November 27, 2022. Retrieved 19 May 2023.
  4. ↑ Latheef-138, Abdul (2019-09-10). "TIP Trailer Services acquires Trailer Wizards". Truck News. Retrieved 2019-10-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  5. ↑ "TIP Trailer Services neemt Twan Heetkamp Trailers over". Retrieved 2019-10-10.
  6. ↑ "HNA Group Sells TIP Trailer Services to I Squared Capital". 9 May 2018.
  7. ↑ Dummett, Ben; Steinberg, Julie (26 April 2018). "China's HNA in Talks to Sell European Transportation Business". Wall Street Journal – via www.wsj.com.
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