November 28, 2024 18:21 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Jaishankar meets PM Modi amid concerns over attack on Hindus in Bangladesh | Mamata Banerjee backs Modi govt's stand on arrest of Hindu monk in Bangladesh | Priyanka Gandhi Vadra takes oath as Lok Sabha MP after Wayanad victory in poll debut | India welcomes Israel-Hezbollah ceasefire deal, hopes this will lead to peace | No bribery charges against Gautam Adani and his nephew in US indictment, claims Adani Green
ALD Automotive successfully completes the acquisition of LeasePlan
ALD

ALD Automotive successfully completes the acquisition of LeasePlan

| @indiablooms | 23 May 2023, 07:14 pm

ALD Automotive has successfully completed the acquisition of of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital.

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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.