On 6 January 2022 a Memorandum of Understanding was signed between ALD and LeasePlan’s shareholders to acquire 100% of LeasePlan.
The combination of ALD and LeasePlan into NewCo represents a very unique opportunity to leverage both of our companies’ complementary capabilities and create a leading global player in mobility together with a total fleet of 3.5 million vehicles.
NewCo would be ideally positioned to embrace the mobility sector’s global growth by leveraging highly complementary capabilities and synergies:
Size - a step change towards creating a leading mobility player worldwide with key competitive advantages across all client segments, products and services and geographic coverage.
Digital – leading the digital transformation of the industry to create a fully digital business model with enhanced investment firepower.
Sustainability – being a global provider of sustainable mobility solutions and partner of choice for electric vehicles.
Business expansion of the NewCo would be driven in a fast-growing market by strong underlying megatrends including changes in usership, flexible and shared mobility, digitalization and electrification.
On 22 April 2022, ALD announced the signing of a framework agreement to acquire 100% of LeasePlan.
The framework agreement is a key step towards closing as it governs the relations between the parties until closing, while fully complying with all applicable competition laws.
To achieve a successful integration, ALD has set up an Integration Management Office (IMO), which leverages the best talents of the two entities to elaborate the joint migration plan.
The next and final step will be the closing of the transaction which is expected by the end of 2022.