Asset Finance Connect to interview ALD CEO live online about acquisition of Leaseplan

Last week, ALD announced that it would acquire LeasePlan for €4.9 billion. ALD’s parent Société Générale will own 53% of the new company, LeasePlan shareholders just under 31%. This Thursday, January 20th at 1pm Europe time; midday UK you can learn more about this acquisition by signing up for Asset Finance Connect’s webcast interview when AFC content leader David Betteley will interview Tim Albertsen, CEO of ALD live online. The webcast interview is sponsored by fleet software solutions provider, Bynx.

Asset Finance Connect to interview ALD CEO live online about acquisition of Leaseplan

Jan 14, 2022

Last week, ALD announced that it would acquire LeasePlan for €4.9 billion. ALD’s parent Société Générale will own 53% of the new company, LeasePlan shareholders just under 31%. This Thursday, January 20th at 1pm Europe time; midday UK you can learn more about this acquisition by signing up for Asset Finance Connect’s webcast interview when AFC content leader David Betteley will interview Tim Albertsen, CEO of ALD live online. The webcast interview is sponsored by fleet software solutions provider, Bynx.

ALD and LeasePlan to combine to form new mobility giant

ALD is to acquire 100% of LeasePlan in a €4.9 billion deal heralded as a ‘step change’ and one which signals a major shakeup of the fleet and mobility sector. The combined company, currently named “NewALD”, will have a fleet of some 3.5 million vehicles worldwide, predicted to grow at 6% annually. The move creates a leading global mobility player, with ALD stating the transaction offers substantial synergies and economies of scale, and will generate significant value for shareholders. The proposed acquisition, scheduled to close at the end of the year, will see ALD acquire 100% of LeasePlan from a consortium led by TDR Capital through a combination of cash and shares.

ALD and LeasePlan to combine to form new mobility giant

Jan 06, 2022

ALD is to acquire 100% of LeasePlan in a €4.9 billion deal heralded as a ‘step change’ and one which signals a major shakeup of the fleet and mobility sector. The combined company, currently named “NewALD”, will have a fleet of some 3.5 million vehicles worldwide, predicted to grow at 6% annually. The move creates a leading global mobility player, with ALD stating the transaction offers substantial synergies and economies of scale, and will generate significant value for shareholders. The proposed acquisition, scheduled to close at the end of the year, will see ALD acquire 100% of LeasePlan from a consortium led by TDR Capital through a combination of cash and shares.

‘Knowledge gap’ slows fleet switch to electric vehicles

Research from Alphabet (GB) has found that only a quarter of fleet managers are extremely confident in their knowledge of fleet electrification year on year, while over half say they have yet to make any changes to their driver policy for electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs), despite many saying they plan to. While a further 59% said their confidence in the subject is steadily building, many fleet decision makers still have concerns about acquiring electrified vehicles for their business, with cost (32%), charging infrastructure (22%) and driver reluctance (27%) as the main barriers to switching to EVs and PHEVs.

‘Knowledge gap’ slows fleet switch to electric vehicles

Dec 09, 2021

Research from Alphabet (GB) has found that only a quarter of fleet managers are extremely confident in their knowledge of fleet electrification year on year, while over half say they have yet to make any changes to their driver policy for electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs), despite many saying they plan to. While a further 59% said their confidence in the subject is steadily building, many fleet decision makers still have concerns about acquiring electrified vehicles for their business, with cost (32%), charging infrastructure (22%) and driver reluctance (27%) as the main barriers to switching to EVs and PHEVs.

Bynx June Banner 2019 1

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.