ALD Automotive successfully completes the acquisition of LeasePlan and announces local management changes

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 Switzerland will begin the process of integrating into one company, subject to regulatory approval.

To lead strategic development of the combined entity in Switzerland, Tim Albertsen, Chief Executive Officer of ALD Automotive | LeasePlan, has appointed Niklas Zetterlund, previously Managing Director of LeasePlan in Switzerland, as Country Managing Director.

This conditional appointment is effective immediately.

Martin Koessler, previously General Manager of ALD Automotive in Austria & Switzerland and Central Europe Regional Director, has been appointed Group Regional Director. Niklas 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.

Niklas Zetterlund (Sweden, 1985), Managing Director LeasePlan Switzerland since 2022. Mr Zetterlund is a proven mobility and digitalisation expert. He has many years of management experience at LeasePlan, including as Operations Director of LeasePlan Sweden.

The primary focus for the 37-year-old from Stockholm will be on further increasing the level of service for Swiss customers and improving service quality. As an expert in electromobility, he is also committed to accelerating the switch to electric vehicles in Switzerland.

ALD Automotive | LeasePlan is a leading global sustainable mobility player providing full-service leasing, flexible subscription services, fleet management services and multi-mobility solutions to a client base of large corporates, SMEs, professionals and private individuals. With the broadest coverage in 44 countries through direct presence, ALD Automotive | LeasePlan is leveraging its unique position to lead the way to net zero and further shape the digital transformation of the industry through innovation and technology-enabled services to enable the transformation towards large scale adoption of sustainable mobility.

With 15,700 employees worldwide, ALD Automotive | LeasePlan manages 3.3 million vehicles (at end-March 2023).

The company is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: ALD). Societe Generale is ALD Automotive’s majority shareholder.