With a fleet of 3.5 million vehicles, the combination of ALD and LeasePlan into NewCo offers a very special opportunity to take advantage of the complementing strengths of both organizations.
By utilizing highly complementary strengths and synergies, NewCo would be in an ideal position to embrace the worldwide growth of the mobility sector, these include:
- Size. Size is a significant step in the direction of developing a global leader in mobility with significant competitive advantages across all customer categories, product and service offerings, and geographic coverage.
- Leading the industry’s digital transition to develop a fully digital business model with increased investor clout.
- Being a leading global provider of sustainable transportation solutions and an electric vehicle partner.
- Strong underlying megatrends, such as changes in users, flexible and shared transportation, digitalization, and electrification, will propel NewCo’s business expansion in a rapidly expanding market.
ALD announced the signing of a framework agreement to purchase 100% of LeasePlan on April 22, 2022.
The framework agreement is a crucial component of the closing process since it regulates the parties’ interactions up until that point while completely complying with all applicable competition rules.
ALD has established an Integration Management Office (IMO) that makes use of the finest resources from the two organizations to develop a combined migration plan in order to accomplish successful integration.
As of November 28, 2022, all significant regulatory requirements and anticipated antitrust conditions precedent have been met.
With shareholders’ preferential subscription rights, ALD began a c. €1.2 billion capital increase on November 29, 2022, in line with the planned acquisition of LeasePlan, which Societe Generale will completely underwrite.
The transaction’s closure, which is anticipated by the end of 2022, will be the following and last phase.