Ayvens (formerly ALD Automotive) is a French fleet managing and operational car leasing company and a majority owned

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

. The company is active internationally and manages around 3.42 million vehicles. With a direct presence in 42 countries and with top 3 positions in 26 countries, ALD Automotive is ranked #3 worldwide and #1 in Europe by number of contracts under management and excluding OEM captives as at 31 December 2017 with around 1.5 million full service

vehicle leasing Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a meth ...

and fleet management service contracts. The company also sells former lease fleet vehicles to consumers through its ALD Carmarket brand. In 2015 ALD Automotive started leasing out e-bikes in the Netherlands, as part of a program on experimenting with innovative mobility on the Dutch market. On 16 June 2017 the company was listed on the Paris Euronext stock market. On 6 January 2022 the company announced its intention to acquire its Dutch-headquartered competitor LeasePlan for 4.9 billion euros. The operation is expected to close in the second quarter of 2023 and would see the shareholding of Société Générale decrease to 53% of the combined entity down from 79.8% as at 10-07-2017. In October 2023 the company changed name to Ayvens. ALD Automotive worldwide locations map

Acquisitions

* Bright Lease * Munsterhuis Lease * Carfree * MKB-Euroleasing Autopark * SternLease

References

* Vehicle leasing companies Société Générale Multinational companies headquartered in France Companies listed on Euronext Paris 2017 initial public offerings {{business-org-stub