The acquisition of Athlon Switzerland AG’s fleet of 800 vehicles will allow Arval (Switzerland) AG, a provider of full service leasing and fleet management, to consolidate its position in the Swiss market, and to complement its portfolio, in terms of customer base and asset base, according to a May 26 press release.

The transaction is expected to close before this summer. Both parties share the same emphasis on service quality and customer satisfaction and will strive to ensure a smooth and seamless transition for Athlon’s customers.

"We are really happy to welcome Athlon’s customers in Switzerland and expand even more our reach in this country, making our services centered on full service leasing and new sustainable mobility means accessible to a largest number of clients," said Alain van Groenendael, Arval Chairman and CEO, in the release.

Christian Schüler, CEO of Athlon, said, “To grow our business, we decided to focus our activities and investments on the other European markets where Athlon is present. Arval shares our strong customer orientation; we are therefore convinced that our customers in Switzerland will continue to be served in the best way possible."