Skylink Holdings, one of Singapore’s largest commercial vehicle leasing companies, has announced the acquisition of 132 commercial vehicles from a third-party seller. This strategic move aims to provide an immediate recurring revenue stream and optimise the company’s fleet replacement cycles. The acquisition is part of Skylink’s broader strategy to enhance its market competitiveness and long-term growth objectives.
The newly acquired vehicles will be integrated into Skylink’s existing contracts, which have secured a minimum non-cancellable contract amount of $18.3m (S$25m) as of 30 September 2025, with $12.1m (S$16.6m) to be recognised within a year. The company’s engineering segment will also benefit from additional service contracts, as the seller is required to provide a three-month warranty and cover repair and maintenance costs for the fleet.
Skylink’s Non-Independent Non-Executive Chairman, Teh Wing Kwan, highlighted the importance of aligning fleet investment plans with the operational needs of corporate clients. “Our corporate clients typically focus on business feasibility in their long-term leasing decisions with us,” he stated. Meanwhile, CEO Wesley Shen emphasised the initiative’s potential to generate immediate revenue with zero client acquisition cost, leveraging Skylink’s growing customer base and high utilisation rates.
The expansion is supported by Skylink’s engineering facilities, which include a total workshop area of 33,300 square feet, with an additional 15,000 square feet recently leased at Jurong Port Road. This infrastructure will facilitate the company’s ability to provide bodywork repair and maintenance services, further enhancing its business performance.
