Industry and Finance - LeasePlan Usa joins Wheels Donlen

LeasePlanbetrothed of ALD Automotivesells the US division to Athenethe parent company of Wheels Donlenwith which he will give life to a colossus of fleet management he was born in rental In the USA. However, a company that will enter into a cooperation agreement to provide its services to international customers of both realities, including ALD, which has a global alliance with Wheels Donlen. The transaction is expected to close by the end of the year. “The megatrends in car subscriptions and the digital revolution mean that the US rental market is about to enter a period of accelerated growth and transformation. By joining forces with Wheels Donlen, LeasePlan Usa will have the size and investment power needed to serve its growing customer base and accelerate the future of mobility for American motorists, “says LeasePlan CEO. Tex Gunningwhich he echoes Shlomo Crandus, CEO of Wheels Donlen: “LeasePlan has built an amazing business in the United States that we are excited to integrate with our platform, adding complementary capabilities that will provide customers with an even broader suite of mobility solutions. We look forward to seeing you. to work with Matt Dyer and to welcome the LeasePlan USA team to the Wheels Donlen family. ” For his part, the president and CEO of LeasePlan USA reiterated that “customers with fleets outside the United States will continue to access our fleet management services. I am proud of our employees who have worked so diligently to build the ‘activities we have today that will help us reach our next stage of development in partnership with Wheels Donlen. “

The new reality. Leaseplan USA will join Wheels Donlen, two companies that merged under Athene’s direction in October 2021, and which manage $ 5 billion in assets and over 500,000 vehicles of a thousand corporate customers across North America. The merger resulted in the renunciation of the partnership with Athlon, which has focused on the European market, but, as seen, will continue its collaboration with ALD. In 2021, LeasePlan USA accounted for 2.7% of LeasePlan’s total revenue and will bring approximately 300,000 cars managed to Wheels Donlen. “For Athene (who has $ 246 billion in assets, ed), this transaction follows our long-standing strategy of investing in companies with solid fundamentals and strong ability to attract new customers. We are convinced of the growth of the mobility market and of the leading role that the combination of Wheels Donlen-LeasePlan USA can play in meeting the needs of rapidly evolving corporate fleets. We are confident that their solid business fundamentals and focus on sustainability and innovation will benefit their customers and Athene’s investors “, he says. Jim BelardiCEO of Athene.

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