The New South Wales Government released its three-year fleet outsourcing panel today, with Smartgroup Corporation (ASX: SIQ) and SG Fleet Group (ASX: SGF) winning the fleet management component and Eclipx Group (ASX: ECX) securing the financing contract. The contracts are part of the State Government’s attempt to drive down fleet costs and free up $1 billion in capital as the fleet of more than 22,000 vehicles is wound down. We own shares in SIQ, SGF and ECX in the investment portfolio.


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