ALD Automotive completes acquisition of LeasePlan

ALD Automotive has completed the acquisition of fleet management and mobility company LeasePlan, from a consortium led by TDR Capital.

The combined group will have a total fleet of 3.3 million vehicles managed worldwide and will lead the way to net zero and further shape the digital transformation of the industry.

Following the completion of this acquisition, ALD Automotive and LeasePlan in the UK will begin the process of integrating into one company, subject to regulatory approval.

To lead strategic development in the UK, Tim Albertsen, Chief Executive Officer of ALD Automotive | LeasePlan, has selected Alfonso Martinez Cordero, currently Managing Director of LeasePlan UK, to become Country Managing Director of the combined entity. He will be supported by Tim Laver, currently Managing Director of ALD Automotive in the UK, who has been selected to become Deputy Country Managing Director for the UK. These selections are subject to regulatory approval.

Alfonso Martinez Cordero and Tim Laver are among the key talents selected from both ALD Automotive and LeasePlan who are 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.

Commenting on his selection, Alfonso Martinez Cordero, said: “It’s an exciting time to unite two market-leading organisations into one digitally enabled mobility provider, to deliver sustainable solutions for our customers. Our combined expertise, experience and scale will allow us to bring to market an unrivalled and truly game-changing service offering.    

“It’s my privilege to have been selected to lead us through this period of integration and positive change, supported by one of the most talented teams in the industry.”

^{Image shows Alfonso Martinez Cordero.}