ALD Automotive completes acquisition of LeasePlan, announces local management changes1 min read
Kolkata: ALD Automotive has successfully completed the acquisition of 100% of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital.
This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with total fleet of 3.3 million vehicles managed worldwide. By joining forces, ALD Automotive and LeasePlan will lead the way to net zero and further shape the digital transformation of the industry. The combined entity will leverage on scale and complementary capabilities to strengthen its competitiveness and deliver sustained growth.
Following the completion of this acquisition, ALD Automotive and LeasePlan in India will begin the process of integrating into one company, subject to regulatory approval.
To lead strategic development of the combined entity in India, Tim Albertsen, Chief Executive Officer of ALD Automotive | LeasePlan, has appointed Suvajit Karmakar, previously General Manager of ALD Automotive in India, as Country Managing Director and Asia Sub-regional Director, overseeing business activities for the Group in Malaysia and Thailand. This appointment is effective immediately.
Suvajit Karmakar is one of the key talents selected from both ALD Automotive and LeasePlan who is best positioned to implement the combined entity’s challenging integration plan moving forward and successfully deliver the strategic development growth targeted in the coming months and years.