The leasing provider ALD Automotive is taking over the car subscription specialist Fleetpool, including its fleet of more than 10,000 vehicles. With this, ALD wants to expand its range and in future also offer its customers car subscriptions and Fleetpool software, which they can use to expand their sales channels.
The takeover, on the other hand, gives Fleetpool the financial leeway to advance its expansion into other European countries. The company aims to be active in more than ten European countries by 2026. Fleetpool will remain independent under the leadership of its founder Gerd Schaub and will keep its headquarters in Cologne. The brands eazycars, like2drive and Conqar will be retained and should be strengthened.
Bosses convinced of success
The merger with ALD is a “perfect match”, says Schaub. “With the strength of ALD behind us, we want to turn the pioneer Fleetpool from the German into the European market leader in fully digital all-inclusive car subscriptions.”
ALD boss Tim Albertsen is also convinced of the success: With Fleetpool one wants to offer customers in Europe “short-term, tailor-made car subscription services. This will further consolidate our position as number one in Europe.” He is aiming for around 2.3 million contracts by 2025. The takeover has yet to be approved by the antitrust authorities.
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