LeasePlan is an international company of Dutch origins, specialised in automobile

leasing A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

and fleet management - its products are composed of operational fleet management services. Founded in 1963, it has more than 14% of its approximately 6,600 employees working out of the Netherlands. On May 22, 2023, the company was acquired by ALD Automotive. However, it was once controlled by a

consortium A consortium () is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a ...

that included

Stichting Pensioenfonds Zorg en Welzijn Stichting Pensioenfonds Zorg en Welzijn (PFZW), () is a Dutch pension fund for health care and welfare sector. It is the second largest pension fund in the Netherlands. PFZW uses the PGGM brand to market its asset management services. , PFZW had ...

Arbejdsmarkedets Tillægspension Arbejdsmarkedets Tillægspension (ATP) is a supplementary (income-related) pension in Denmark, and is Denmark's largest lifelong pension plan. Citizens Citizenship is a membership and allegiance to a sovereign state. Though citizenship is of ...

, GIC Private Limited,

TDR Capital TDR Capital LLP is a British private equity firm headquartered in London, England. History TDR Capital was co-founded in 2002 by Manjit Dale, Stephen Robertson, and Tudor Capital.

and Luxinva S.A. of the Abu Dhabi Investment Authority.

History

Founded in the Netherlands in 1963 following a joint venture between a bank and a company providing services to drivers, LeasePlan initially specialised in the open-book management model (an actual costs management system). LeasePlan expanded internationally in the 1970s by establishing operations in Belgium, Germany, France, and Great Britain. In 1985, the banking group ABN-Amro acquired 100% of the shares in LeasePlan and founded a holding company named ABN-Amro Lease Holding. LeasePlan diversified its offer by introducing an online fleet management software package (Plan8, now called FleetReporting). Responding to the trend in market consolidation, LeasePlan acquired several companies in the years following 2000 (Dial in Great Britain, in France, and in Italy, and CSC in the United States). Since 1993 the company holds a

banking license In most legal jurisdictions, a financial institution is required to obtain a banking licence before it is legally permitted to carry on a banking business. Besides other requirements, such a business is not permitted to contain in its name words ...

. In 2003, the holding company of the LeasePlan Group was renamed LeasePlan Corporation. In 2004, ABN-Amro sold LeasePlan Corporation to a consortium consisting of the

Volkswagen Group Volkswagen AG (), known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery. Headquartered in Wolfsburg, Lower Saxon ...

(50%), The Olayan Group (25%), and Mubadala Development Company (25%). In 2009 German Metzler Bank took over the shares of the latter two companies. In 2012 LeasePlan acquired the Italian car leasing activities of

BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ...

. On 21 March 2016, an international consortium led by the Dutch

pension fund completed its acquisition of the company. In 2017, the company announced it was exploring strategic alternatives for the business, that included a potential

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO). However the IPO was cancelled in October 2018, with no further plans to bring the company public. On 6 January 2022 the French fleet rental and car leasing company ALD Automotive, the listed subsidiary of the French bank

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 ...

announced an intention to acquire the company for 4.9 billion euros. The acquisition was completed in May 2023.

International presence

LeasePlan, present in over 30 countries, became the first company in the leasing industry to manage more than 1.8 million cars worldwide, and offer fleet management services. LeasePlan is present in both traditional and emerging markets.

Countries

The following is a list of countries where LeasePlan is established:

LeasePlan Europe

* Netherlands, France, Belgium, Luxembourg,

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

, Ireland, Portugal,

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

, Denmark, Germany, Switzerland, Norway, Sweden, Finland, Austria, Slovakia, Czech Republic, Poland, Hungary, Greece, Italy, Romania and Turkey.

=LeasePlan UK

= LeasePlan UK was created in 1979. The company operates a fleet of over 137,000 vehicles including over 38,000 commercial vehicles. Major clients include

NHS The National Health Service (NHS) is the term for the publicly funded health care, publicly funded healthcare systems of the United Kingdom: the National Health Service (England), NHS Scotland, NHS Wales, and Health and Social Care (Northern ...

Virgin Media Virgin Media Limited is a British telecommunications company which provides telephone, television and internet services in the United Kingdom. Its headquarters are at Green Park in Reading, England. It is owned by Virgin Media O2, a 50:50 ...

and Carlsberg. It also sells off-lease vehicles to wholesalers and through its new CarNext.com unit. Awards the company has earned include Fleet News leasing company of the year 2016 and Green Fleet leasing company of the year 2016.

LeasePlan America

* United-States, Canada, Mexico and Brazil

LeasePlan Asia

* Russia, United Arab Emirates, and India

LeasePlan Oceania

* Australia and New Zealand were sold to SG Fleet in 2021

LeasePlan Bank

LeasePlan Bank is a Dutch internet savings bank and an undertaking of LeasePlan. LeasePlan Bank was established in 2010 to provide an additional source of financing for LeasePlan's core business.

References

External links

Official website
{{Authority control 2023 mergers and acquisitions Vehicle leasing companies Financial services companies established in 1963 Transport companies established in 1963 LeasePlan Bank