Admiral Group acquires Flock for £80m to boost commercial motor offering

Reuters02-12 21:48

Admiral Group acquires Flock for £80m to boost commercial motor offering

Admiral Group has reached an agreement to acquire Flock, a digital commercial fleet insurance provider known for its innovative telemetry-based platform, in a deal valuing Flock's equity at £80 million. The acquisition will provide Admiral with immediate access to a high-growth market segment and proven technology, further strengthening its commercial motor insurance proposition. Flock’s existing technology platform and team will become central to Admiral’s fleet insurance offering, with Flock CEO Ed Leon Klinger joining Admiral Pioneer’s leadership team. The transaction is expected to complete in the second quarter of 2026 and will be funded through Admiral Group’s existing resources and credit facilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Admiral Group plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001164470-en) on February 12, 2026, and is solely responsible for the information contained therein.

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