Tag: ALD Automotive

ALD to complete LeasePlan acquisition for €4.9bn

Tim Albertsen ALD Automotive

SOCIETE Generale’s leasing arm, ALD Automotive, has signed a memorandum of understanding to purchase LeasePlan for nearly €5bn. The newly combined company will be led by Tim Albertsen, pictured above, as CEO. The combined vehicle parc of ALD (1.68m) and LeasePlan (1.8m) would make NewALD a truly global player with 3.5m vehicles in the mobility sector, positioned to take advantage of the…