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

fleet management Fleet management is the management of: * Commercial motor vehicles such as cars, vans, trucks, specialist vehicles (such as mobile construction machinery), forklifts, and trailers * Private vehicles used for work purposes (the 'grey fleet') * Av ...

. Its products are composed of operational fleet management services. It was founded in 1963. It has more than 14% of its approximately 6,600 employees working out of the Netherlands. The company is owned by LP Group B.V., a consortium including Stichting Pensioenfonds Zorg en Welzijn,

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, GIC Private Limited,

TDR Capital TDR Capital 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 Open-book management (OBM) is a management phrase coined by John Case of Inc. magazine, who began using the term in 1993. The concept's most visible success has been achieved by Jack Stack and his team at SRC Holdings. The basis of open-book ma ...

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 A banking licence is a legal prerequisite for a financial institution that wants to carry on a banking business. Under the laws of most jurisdictions, a business is not permitted to carry words like a ''bank'', ''insurance'', ''national'' in th ...

. 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 multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial ...

(50%),

Olayan Group The Olayan Group is a multinational enterprise established in 1947 by Suliman S. Olayan (5 November 1918 - 4 July 2002), with an actively managed portfolio of global investments. The group's primary parent company, Olayan Investments Company Es ...

(25%), and

Mubadala Development Company Mubadala Investment Company PJSC ( ar, شركة مبادلة للاستثمار), or simply Mubadala, is an Emirati state-owned holding company that acts as a sovereign wealth fund. The company was established in 2017 when then-named Mubadala Dev ...

(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 Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...

. On 21 March 2016, an international consortium led by the Dutch Stichting Pensioenfonds Zorg en Welzijn 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 investment ...

(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 ALD Automotive is a French fleet managing and operational car leasing company and a majority owned subsidiary of Société Générale. The company is active internationally and manages around 1.5 million vehicles. With a direct presence in 41 cou ...

, the listed subsidiary of the French bank

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

announced an intention to acquire the company for 4.9 billion euros with closing of the transaction expected to happen by the end of the calendar year 2022.

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 Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

, Ireland, Portugal,

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, 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 umbrella term for the publicly funded healthcare systems of the United Kingdom (UK). Since 1948, they have been funded out of general taxation. There are three systems which are referred to using the " ...

Virgin Media Virgin Media is a British telecommunications company which provides telephone, Cable television, television and Internet access, internet services in the United Kingdom. Its headquarters are at Green Park in Reading, Berkshire, Reading, Engla ...

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 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 websiteLeasePlan UKLeasePlan Bank
(in Dutch) {{Authority control Leasing companies Financial services companies established in 1963 Transport companies established in 1963 LeasePlan Bank