ALD successfully completes the acquisition of LeasePlan

ALD has announced that it has successfully completed the acquisition of 100% of LeasePlan, from a consortium led by TDR Capital, for a total consideration of EUR 4.8 billion, paid through a combination of cash and ALD shares. This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide.

ALD successfully completes the acquisition of LeasePlan

May 22, 2023

ALD has announced that it has successfully completed the acquisition of 100% of LeasePlan, from a consortium led by TDR Capital, for a total consideration of EUR 4.8 billion, paid through a combination of cash and ALD shares. This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide.

EV salary sacrifice scheme can mitigate effects of 40% tax trap

A salary sacrifice scheme that provides electric cars can prove a hugely valuable way of reducing employees’ exposure to the ever-widening 40% tax trap, with growing numbers of people set to be caught out in the next four or five years by the government‘s decision to freeze tax thresholds.

EV salary sacrifice scheme can mitigate effects of 40% tax trap

May 22, 2023

A salary sacrifice scheme that provides electric cars can prove a hugely valuable way of reducing employees’ exposure to the ever-widening 40% tax trap, with growing numbers of people set to be caught out in the next four or five years by the government‘s decision to freeze tax thresholds.

Service, maintenance and repair issues increasing fleet off-road time

Service, maintenance and repair (SMR) issues mean that fleets are facing excessive vehicle off-road (VOR) time, the Association of Fleet Professionals (AFP) is reporting. Paul Hollick, chair, said AFP members buying SMR were regularly reporting a range of problems. Some of these, such as parts supply, were felt to be outside the control of suppliers – but others, including levels of communication, were more disappointing.

Service, maintenance and repair issues increasing fleet off-road time

May 03, 2023

Service, maintenance and repair (SMR) issues mean that fleets are facing excessive vehicle off-road (VOR) time, the Association of Fleet Professionals (AFP) is reporting. Paul Hollick, chair, said AFP members buying SMR were regularly reporting a range of problems. Some of these, such as parts supply, were felt to be outside the control of suppliers – but others, including levels of communication, were more disappointing.

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Europe

Novuna Vehicle Solutions unveils plans for EV charging forecourt

Apr 27, 2023

  Fleet leasing provider Novuna Vehicle Solutions has announced plans to open a state-of-the art EV charging forecourt, representing a first for the UK’s contract hire and leasing industry. The EV charging forecourt installation, offering a variety of charging options, will act as a customer reference site and provide fleets with the opportunity to experience first-hand the variety of charging hardware Novuna Vehicle Solutions can implement for fleets at their own depot and workplace sites.

Americas

PACCAR Financial Services reports record revenues

Feb 06, 2020

Assets at PACCAR Financial Services reached a record $16.07 billion last year as its portfolio grew to 208,000 trucks and trailers. The results include PacLease, a major full-service truck leasing company in North America and Europe, which has a fleet of more than 40,000 vehicles. PFS revenues were a record $1.48 billion in 2019 compared to $1.36 billion in 2018. Last year’s pre-tax profits were $298.9 million.

Asia Pacific

SG Fleet widens service offering in Australia through strategic investment in car subscription provider Collaborate

Dec 16, 2019

Vehicle leasing company SG Fleet has bought a stake in Australian mobility specialist Collaborate Corporation for $2.2 million to widen its service offering. Collaborate’s core businesses are its car subscription service ‘Carly’ and a range of peer-to-peer vehicle rental offerings. With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available.