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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 two companies will form a joint-venture -- the second collaboration for the two in Southeast Asia -- to offer multi-brand, full service operational leasing and fleet management with related mobility products for corporate clients.
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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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ALD Automotive offers fleet services in Brazil, Colombia, Mexico, Chile and Peru. Working with strategic alliance partners, the company has a direct presence in 43 countries.
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The framework agreement signed on April 22, 2022 is binding, further forging a combined portfolio of 3.5 million vehicles under fleet management.
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ALD Automotive will supply employee car schemes in five European countries thanks to a partnership with employee benefits provider corporate benefits.
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The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.
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Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
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French fleet managing and leasing company ALD Automotive announced it will acquire Fleetpool, a leading German car subscription company.
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Volvo Cars and ALD Automotive have extended their partnership to Ireland, with ALD providing that country full-service leasing for corporations, small- to medium-sized companies and private individuals through its proprietary dealership network. The partnership, covering Volvo’s full range of vehicles, is a white-labelled agreement, wherein ALD services will be offered under the “Volvo Car Leasing” designation.
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