Acquisition of LeasePlan by ALD Automotive completed

ALD Automotive has successfully completed the acquisition of LeasePlan, a leading global fleet management and mobility company, from a consortium led by TDR Capital. This acquisition creates a global leader in sustainable mobility with a total managed fleet of 3.3 million vehicles. By joining forces, ALD Automotive and LeasePlan will lead the way to carbon neutrality and the digital transformation of the industry, according to the statement. Due to its size and complementary capabilities, the company will further strengthen its competitiveness and achieve sustainable growth, the statement added. Following this acquisition, the two organizations will begin the process of integrating into a single company - subject to regulatory approval.

Niklas Zetterlund becomes new Country Managing Director

To lead the 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 Switzerland, as Country Managing Director. This conditional appointment is effective immediately. Martin Kössler, previously General Manager of ALD Automotive in Austria and Switzerland and Regional Director Central Europe, has been appointed Group Regional Director.

Swedish-born Niklas Zetterlund is a proven mobility and digitalization expert and has many years of management experience, including as Operations Director of LeasePlan Sweden. About his new role, he says: "I am very excited to join ALD Automotive | LeasePlan as Country Managing Director. The merger will allow us to transform the industry and, as it were, we are best positioned to provide even better services, solutions and benefits to our customers." He is also committed to accelerating the transition to electric vehicles. In this regard, Switzerland is home to good conditions.

Source: http://www.aldautomotive.com