The Arval-Relsa alliance opened new offices in Bogota, Colombia to help develop full-service leasing and new mobility solutions across the country with special focus on passenger vehicles and light commercial fleets.

The new offices, which were fully operational as of April 2020, are, led by Francisco Pardo, general manager in Colombia for Arval-Relsa.

Already present in South America, Brazil and, with Relsa, in Chile and Peru, Arval’s fleet grew by more than 34% within the past three years, according to the Alliance. The opening of the offices in Colombia will accelerate the development of Arval activities in the Latin American region, focusing on the migration from classic fleet financing solutions to full-service leasing and new mobility means.

“By deploying activities in Colombia, Arval completes and reinforces its presence in Latin America. With an already strong position in Peru, Chile and Brazil, Arval is becoming one of the main actors in the full-service leasing industry,” said François-Xavier Castille, Arval Managing Director, International. “Full-service leasing and new mobility solutions are growing all over the world and have a huge potential for development in Latin America, especially in an economically stable country like Colombia”.

In addition to its local footprint in South America, Arval also operates across the continent through the Element-Arval Global Alliance. Through the Alliance, Arval can rely on the footprint its partner Element has across Central and South America.

Managing more than 3 million vehicles in over 50 countries and delivering harmonized products and services with customization to meet local demand, the Element-Arval Global Alliance enables Arval to serve its clients on five continents.