Isuzu East Africa has signed a $3 million (Sh387.6 million) deal to sell customised trucks to SGA Security, which will use the vehicles for its Cash-in-Transit (CIT) and courier services.
The agreement will see the motor vehicle dealer sell 48 units of the trucks to the corporate, augmenting its sales. The standard truck is priced at Sh4.13 million, according to Isuzu’s website.
The total cost of customised version is expected to be different due to layers of protection that will be built in.
Under terms of the agreement, Isuzu will supply the truck’s cabin and chassis, which will be customised into CIT courier vehicles for SGA Security.
The deal with SGA Security is one of the latest for Isuzu, which has signed contracts to deliver fleets of buses, trucks and pick-ups to various government departments and private sector players in diverse industries including public transport.
“We are proud to partner with SGA Security, a brand that, like Isuzu, is synonymous with trust and reliability,” Isuzu’s Chief Executive Rita Kavashe said in a statement.
“The Isuzu NMR 85H trucks are engineered for high performance and durability, making them ideal for the demanding Cash-in-Transit application. Through our strong aftersales support and extensive dealer network, we will ensure SGA enjoys maximum uptime and operational efficiency as they scale their services regionally.”
The partnership started yesterday. Security firms offer Cash-in-Transit services to deliver money from a bank branch to a customer’s premises and also collect the same for delivery to a bank and deposit into the customer’s account.
Banks also use the services to deliver cash to their automated teller machines . CIT can also be used to transport other valuable goods including jewelry and precious metals.
SGA Security says purchase of the Isuzu trucks will help its regional expansion in Uganda and Tanzania.
“This partnership with Isuzu East Africa marks a significant milestone in our regional growth strategy,” said Jules Delahaije, the CEO and chairman of SGA Security Group.
“With Isuzu’s proven track record in reliability and performance, we are confident that this collaboration will strengthen our ability to serve our clients more effectively and securely across East Africa.”
The Isuzu NMR is one of Isuzu's top-selling models, with the company having delivered 111 units to clients in the first quarter ended March according to data from the Kenya Motor Industry Association (KMI).
The truck, which has robust frame and rigid axle suspension, is popular for use in urban delivery assignments as well as long-haul transport.
“This collaboration is designed to improve SGA’s service efficiency, reduce fleet maintenance costs, and standardise operations using a high-performance vehicle platform,” Isuzu and SGA Security said in a joint statement.
“With Isuzu’s strong after-sales support and engineering expertise, SGA Security anticipates better uptime, more efficient route optimisation, and improved customer service across its regional network.”
