ALD Automotive has completed the acquisition of 100% of LeasePlan, a leading global fleet management and mobility company, from a consortium led by TDR Capital.
This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide, the company said in a media release.
By joining forces, ALD Automotive and LeasePlan will lead the way to net zero and further shape the digital transformation of the industry. The combined entity will leverage on scale and complementary capabilities to strengthen its competitiveness and deliver sustained growth.
Following the completion of this acquisition, ALD Automotive and LeasePlan in India will begin the process of integrating into one company, subject to regulatory approval.
To lead strategic development of the combined entity in India, Tim Albertsen, Chief Executive Officer of ALD Automotive | LeasePlan, has appointed Suvajit Karmakar, previously General Manager of ALD Automotive in India, as Country Managing Director and Asia Sub-regional Director, overseeing business activities for the Group in Malaysia and Thailand. This appointment is effective immediately.
Suvajit Karmakar is one of the key talents selected from both ALD Automotive and LeasePlan who is 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.
Karmakar has been working with ALD Automotive India since 2005 where he joined as Country Head – Sales & Marketing and was elevated to the position of the CEO & Whole Time Director of the Company in January 2013. Prior to joining ALD Automotive, he worked with organisations including ICICI Bank, Whirlpool of India and Philips India (Consumer Electronics division). Karmakar has a Bachelor’s degree in Computer Science and a Masters in Business Administration.
ALD Automotive | LeasePlan is a leading global sustainable mobility player providing full-service leasing, flexible subscription services, fleet management services and multi-mobility solutions to a client base of large corporates, SMEs, professionals and private individuals. With the broadest coverage in 44 countries through direct presence, ALD Automotive | LeasePlan is leveraging its unique position to lead the way to net zero and further shape the digital transformation of the industry through innovation and technology-enabled services to enable the transformation towards large scale adoption of sustainable mobility.
With 15,700 employees worldwide, ALD Automotive | LeasePlan manages 3.3 million vehicles (at end-March 2023), the release said.
