- 'Luxury' tax on expensive pick-up trucks suggested
- ADVERTISEMENT FEATURE: Essential advice to avoid the van fleet ICE-berg
- ETRUX launches new Ford E-Transit Trizone
- Renault gives UK debut to Master E-Tech at CV Show
- Isuzu D-Max long-term test – Latest Report
- Isuzu D-Max V-Cross Steel Edition revealed
- IVOTY Report: Stellantis explores the hydrogen proposition
- New Maxus EVs include eDeliver 5 van
- Used LCV values reach six-month high
- ADVERTISEMENT FEATURE: IVECO Daily Mission Awards 2024 Q2 Round-up: Grounds Maintenance & Forestry
ALD Automotive completes takeover of Leaseplan
Date: Tuesday, May 23, 2023 | Author: Sean Keywood
ALD Automotive has completed its acquisition of Leaseplan, in a deal worth £4.2 billion.
The takeover creates a combined group with a total of 3.3 million vehicles managed worldwide.
Following the completion of the deal, ALD and Leaseplan in the UK will begin the process of integrating into one company, subject to regulatory approval.
The combined entity is billed as being able to leverage on scale and complementary capabilities to strengthen its competitiveness and deliver sustained growth.
Alfonso Martinez Cordero, currently managing director of Leaseplan UK, will become country managing director of the combined entity. He will be supported by Tim Laver, currently UK managing director for ALD, who will become deputy country managing director. These appointments are also subject to regulatory approval.
Martinez Cordero said: “It’s an exciting time to unite two market-leading organisations into one digitally enabled mobility provider, to deliver sustainable solutions for our customers.
“Our combined expertise, experience and scale will allow us to bring to market an unrivalled and truly game-changing service offering.
“It’s my privilege to have been selected to lead us through this period of integration and positive change, supported by one of the most talented teams in the industry
View The WhatVan Digital Edition
