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Following ALD and LeasePlan’s launch of its three-year strategic development plan, they announced that their new brand will roll out internationally in 2024 in all countries where the companies operate.
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Under a three-year financial agreement, the two companies will each invest €300 million to develop ALD | Leaseplan’s range of electric vehicles across the EU.
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The deal is valued at $5.2 billion, and the combined group will have 3.3 million managed fleet vehicles in its worldwide portfolio.
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Matt Dyer, president of the newly monikered Wheels company, describes the process and thinking that went into creating a fitting name and tagline for the combined Donlen, Wheels and LeasePlan organizations.
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Three of the top fleet management companies have united. AF’s Editor Mike Antich speaks with Shlomo Crandus, CEO of the combined enterprise, about integrating different cultures, products, and processes.
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The three companies bring together a collective 180+ years of fleet management experience under a new singular brand.
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EVs in nearly every segment and European country are now the same price or cheaper on a total cost of ownership basis than gas or diesel cars, despite rising prices for fuel and electricity.
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Hear direct from the source in this week's State of the Fleet Industry video, as AF talks with Shlomo Crandus, CEO of Wheels Donlen LeasePlan, to break down plans for the newly combined company.
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The combined company will be led by CEO Shlomo Crandus. Matt Dyer, previously CEO of LeasePlan USA, will serve as its president and as a board member.
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To finalize the deal, ALD Automotive agreed to divest its interests in Ireland, Norway and Portugal, while LeasePlan did the same in the Czech Republic, Finland and Luxembourg.
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