BROKER funders ALD and LeasePlan are currently in talks about a possible merger.
The combined leasecos would create a global mobility leader should discussions proceed positively.
A statement from ALD read:
There can be no certainty at this stage that these discussions will result in any agreement or transaction. Further announcements will be made when appropriate according to applicable laws.
Should the shareholders of LeasePlan and Societe Generale, the majority owner of ALD, agree terms it would create a leasing and mobility giant with some 3.6 million vehicles under management.
ALD styles itself as a global leader in mobility solutions, providing full service leasing and fleet management services across 43 countries to a client base of large corporates, SMEs, professionals and private individuals. A leader in its industry, ALD places sustainable mobility at the heart of its strategy, delivering innovative mobility solutions and technology-enabled services to its clients, helping them focus on their everyday business. Vehicles under management are 1.76 million.
LeasePlan says it is a global leader in Car-as-a-Service, with approximately 1.8 million vehicles under management in 29 countries. LeasePlan purchases, funds and manages new vehicles for its customers, providing a complete end-to-end service for a typical contract duration of three to four years. LeasePlan is committed to taking a leadership role in the transition to zero-emission mobility and has set itself the ambitious goal of achieving net zero emissions from its funded fleet by 2030.
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.