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.
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.
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.
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.
The framework agreement signed on April 22, 2022 is binding, further forging a combined portfolio of 3.5 million vehicles under fleet management.
ALD Automotive will supply employee car schemes in five European countries thanks to a partnership with employee benefits provider corporate benefits.
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.
Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
French fleet managing and leasing company ALD Automotive announced it will acquire Fleetpool, a leading German car subscription company.
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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