ald automotive
ald automotive ald automotive specialises in operational leasing and fleet management. with 1, 100, 000 vehicles and 5, 000 employees in 40 countries, ald automotive is one of the world’s three largest car lease companies. ald automotive is a subsidiary of french banking group société générale .
ald automotive is the operational leasing and fleet management business line of societe generale group .
ald automotive hoeksteen 60 2132 ms hoofddorp tel: + 31 (0) 20 658 70 00 info. nl @ urltoken
as of 1 march 2016, leasing company ald automotive and bright lease will join forces as bright lease adds its fleet of 1, 100 vehicles to the ald automotive car park. the name bright lease will continue in use. the merger will give ald automotive a fleet of almost 30, 000 vehicles in the netherlands. the leasing company currently has more than 1. 2 million vehicles worldwide .
paris and manchester, nh - merchants leasing announced sept. 2 the acquisition of ald automotive usa, the north american arm of ald automotive, one of the largest fleet providers in europe. as a result of this transaction, merchants leasing will acquire ald' s u. s. customer base and a fleet of about 3, 300 vehicles .
ald automotive will continue to manage new businesses and large operations on the american market through its global commercial partnership with wheels inc. signed in 2009 .
ald automotive india, established in 2005, is india’s # 1 fleet management company dealing in operational leasing. we offer a wide range of comprehensive mobility solutions that help companies concentrate on their core business while we take care of their fleets. ald automotive is a 100% subsidiary of the societe generale group .
ald is listed on euronext paris, compartment a (isin: fr0013258662; ticker: ald) and its share is included in the sbf120 index. ald’s controlling shareholder is societe generale .
ald automotive is your reliable partner in full service leasing. we take care of everything, from the selection of your car, assistance, claims management to online reporting .
ald automotive pvt ltd unit no. 1802, tower - a, peninsula business park, ganpatrao kadam marg, off senapati bapat marg, lower parel, mumbai - 400013
with ald automotive, you are always informed of the latest developments in the areas of the leasing market, lease cars, innovative mobility solutions and our new products and services .
one such firm is ald automotive, europe’s leading service provider for company car contract hire and fleet management. world finance spoke with gilles momper, the group’s chief financial officer and stéphane renie, ald’s sales and marketing director, to discuss recent trends in the industry and how ald has been able to continue growing and expanding .
ald automotive offers fleet management and long - term vehicle leasing solutions to companies in 43 countries. international and local teams are continuously working together to build tailored partnerships that best fit the client’s needs. placing client satisfaction at the core of its strategy, ald automotive provides fleet managers and drivers with innovative tools and services to make easier their everyday business and meet new challenges to come .
ald automotive offers fleet management and long - term vehicle leasing solutions to companies in 41 countries. international and local teams are continuously working together to build tailored partnerships that best fit the client’s needs. placing client satisfaction at the core of its strategy, ald automotive provides fleet managers and drivers with innovative tools and services to make their everyday business easier and meet new challenges to come .
ald automotive offers fleet management and long - term vehicle leasing solutions to companies in 43 countries. international and local teams are continuously working together to build tailored partnerships that best fit the client’s needs. placing client satisfaction at the core of its strategy, ald automotive provides fleet managers and drivers with innovative tools and services to make their everyday business easier and meet new challenges to come. urltoken
car leasing and fleet management company ald automotive has entered into a definitive agreement with mkb bank zrt. and letét kft. , to acquire 100% of the shares of the hungarian fleet management company mkb - euroleasing autópark and its bulgarian subsidiary mkb - autopark. mkb - euroleasing autópark owns a total fleet of nearly 9, 400 vehicles, 7, 700 in hungary and 1, 700 in bulgaria. ald automotive has been present in hungary for 10 years and manages today 6. 000 cars for its 500 clients. in bulgaria, where the activities started a year and a half ago, ald automotive now manages 2, 200 vehicles for 85 clients. with this transaction, ald automotive becomes a major player on the hungarian fleet market and consolidates its leading market position in bulgaria .
merchants and ald staff are working to ensure an effective transition to reduce any gaps in service or other interruptions in the day - to - day operations of the ald fleet. clients, suppliers, or other industry providers with any questions about ald automotive usa can contact the company at 608 - 443 - 3589 or by visiting their web site at urltoken .
the closing of the transaction is expected mid 2016, subject to local authorities approval. on an international level ald automotive operates in 40 countries and manages 1, 2 million vehicles (end 2015) .
hoofddorp, 30 june 2015 – leasing company ald automotive and munsterhuis lease are to join forces as of 1 july 2015. starting on that date, munsterhuis lease will transfer operational management of its 800 - plus contracts to fellow leasing company ald automotive. the alliance will bring economies of scale to both parties. their clients will benefit from the combination of local expertise and the facilities of a global player .
for ald automotive the alliance fits within its strategy of autonomous growth, where possible complemented by acquisitions. general director carel bal: “our core values match up well. ald automotive’s expertise and facilities match perfectly with munsterhuis lease’s knowledge and network, which is so firmly anchored in the east of the netherlands. and here, too, our expertise in offering ‘white label’ lease services were a deciding factor in the alliance. ”
ald automotive is the operational leasing and fleet management business line of the societe generale group and one of the largest providers in europe. as of june 2010, the company manages a total of 815, 728 vehicles .
as a subsidiary of société générale bank, we are a leader in the leasing market providing full - service leasing and fleet management solutions. ald automotive supports customers of all sizes in all sectors; from corporate groups to small businesses .
with 6, 300 employees worldwide, ald manages 1. 51 million vehicles (at end december 2017) .
for ald automotive, the collaboration is part of their ambitious growth strategy and their drive to build an even stronger presence in the small - and medium - sized business segment. the leasing company recognises a kindred spirit in bright lease’s brand experience: flexible, innovative and customer - oriented .
ritsaert menick, founder of bright lease: “it’s a big step, but we’ve put a lot of thought into it. what makes the deal interesting and understandable is ald automotive’s clear choice to continue the unique appeal of our services. i look forward to the future with confidence. ”
ald automotive is the market leader in belgium for full service leasing, car rental and fleet management. looking for a service provider to lease a car or a van? our specialized lease consultants will take care of you. they will provide you with a wide range of mobility solutions for your company, including fleet management .
carel bal, general manager ald automotive: “in 2015, our fleet grew by 16% , and we have bold ambitions for growth in 2016. with the acquisition of bright lease so early in the year, we are taking a major step towards putting our words into action. we will combine bright lease’s proven focus on the customer and entrepreneur with our innovative product selection. ”
the singer family, which founded merchants automotive group and its associated fleet management company, has been given the 2018 granite state legacy award that recognizes the family' s charitable donations, the hooksett, n. h. - based company announced .
a global leader in mobility solutions, ald provides full service leasing and fleet management services across 43 countries to a client base of large corporates, smes, professionals and private individuals .
a leader in its industry, ald places sustainable mobility at the heart of its strategy, delivering innovative mobility solutions and technology - enabled services to its clients, helping them focus on their everyday business .
how is ald driving innovation within the industry? renie: when you think of innovation, you immediately think about technology, and clearly technology in our industry can be a major transformation factor. when it comes to client - facing solutions, we want to be ahead of the game in terms of interaction with drivers and fleet managers by providing client and driver portals, which can be accessed from anywhere in the world. this platform encompasses everything they need to know about their relationship with ald on a given vehicle, or more broadly on their entire fleet .
what benefits does belonging to a banking group entail? momper: belonging to a banking group is obviously a key advantage in receiving competitive funding to support both our organic and external growth in the long term. it is also an advantage from the commercial point of view to have access to the market and promote vehicle - leasing products through the network and corporate customer base of the bank. also, being part of societe generale imposes a prudent approach to ald in terms of asset and liability management: assets and liabilities are matched in duration, currency, and type of rates. this provides extra assurance to our customers that ald has a consistent, long - term and sustainable approach when dealing with funding .
why is ald recognised as one of the industry’s leading service providers? renie: we now have a market leadership position as we manage more than 1. 1 million cars across the globe and we have experienced a compound annual growth rate of eight percent for the past 10 years. the other dimension is one of geography, whereby we have the broadest presence in our industry .
what regions does ald operate in and which markets offer the greatest potential for growth on a global scale? momper: we currently operate in 40 countries and we have just opened a subsidiary in chile and a branch in kazakhstan last year. our approach has always been to open subsidiaries or branches wherever our international customers are established – of course this also depends on the fleet potential .
how does ald facilitate value management for customers? momper: the economy of scale acts as the main driver of value creation for our customers – our size and growth matters to us, but it also matters to our customers as they benefit from our procurement power. we are buying more than 230, 000 cars and 1. 2 million tyres per year worldwide, which contributes greatly to decreasing operational costs .
what does ald offer as an optimal solution for car fleet management? renie: we tend to think that our core product, which we call full service leasing or full operational leasing, is today more than ever the optimal solution when it comes to car fleet management. it provides a one - stop shop for our customers that encompass vehicle purchase, a financial path and operational services for a fixed monthly rental, which lasts on average 43 months .
that being said, our approach is not monolithic; we have diverse solutions in our portfolio, such as fleet management, which now comprises 25 percent of our product offerings. we think of ourselves as being part of the service industry more than anything else, so the capability of ald to provide these two products and a number of variations for them both, puts us in an excellent position to really fit and adapt to customer needs – today and going forward .
what role do strategic partners play within ald’s business model? renie: we have strategic partnerships in areas of the globe that we do not cover with direct affiliates. that’s particularly true for north america where we have an alliance with wheels, which is a top three player in the north american leasing and fleet management industry. we also have associate companies in south africa, australia, new zealand and ireland. the purpose of these strategic partnerships is to provide for customers within our portfolio that require a global solution. we have noticed that this trend is increasing; many more customers want to optimise the service from a global standpoint, instead of just regionally, which was previously the case .
the market for vehicle leasing and funding has evolved in recent years to span multiple countries and various continents, offering customers more services than ever before, and new benefits through technological innovation. the financial crisis was a turning point for the industry – generally, only the largest have survived. the most financially robust and well - structured companies have been able to absorb falling vehicle resale prices and withstand fierce competition .
how has the vehicle funding and management industry changed recently? renie: the first striking change within the industry in recent years is a very clear movement of concentration, with a greater market share for international players. the past crisis and general market conditions have made it increasingly difficult for small and local players to remain competitive .
secondly, there has been a vast geographical expansion of the product; up until 10 years ago, it was focused mostly in mature markets, but the service has since spread to emerging fleet markets, such as brazil, mexico, turkey and india .
momper: i would say that the other main hinge in recent years is that during the financial crisis, operational vehicle - leasing players suffered an unexpected decrease of used - car prices in europe, which generated significant losses when customers returned their vehicles at the end of the leasing contract. since then, used car prices in europe have never recovered to the level they were before the recession, and as such, residual value remains the main risk that we carry for our customers .
we are now covering 40 markets – the mature western european markets, but also central and eastern europe, the brics and other emerging economies. moreover, even through difficult times, we continued to be a sustainable partner to our customers, which is partly due to a strong shareholder structure .
this also stems from our long - term approach as a business and our commitment to quality services – which make us stand out in the industry .
from a financial perspective, this is a stable cost and so does not suffer from any unexpected variations, thereby making it easy for companies to budget for, while also mitigating many risks for the customer. from an operational point of view, it simplifies issues for our customers when it comes to supplier management and the quality of the services that are eventually delivered to drivers .
how can companies establish a lasting risk reduction programme? momper: i would say that operational vehicle leasing in itself is a risk reduction option – as stéphane was saying – customers pay a fixed monthly rental, which protects them against any residual value risk or maintenance risk, on top of not having the cost and burden of dealing with complex operational matters for non - core activities. we also offer a consistent and compliant platform, which provides comfort for international groups that have subsidiaries in countries that are located far away from their headquarters .
renie: beyond the quantitative side of value creation for customers that gilles described, there is also a qualitative aspect to the work we do. another part of our job is to provide consultancy for our customers regarding the best ways to optimise their fleet management policies that can lead to savings – this is very much part of our core services .
similarly, we have rolled out an app in over 30 markets for drivers to optimise their search for the closest location where they can have their vehicle serviced, thereby simplifying the job of maintaining their car. there is also another angle, which is creating new products to address new needs, such as the new mobility product field, in which we try to think of alternative solutions to test the standard company car assigned to a given individual for a whole year .
we have a lab in the netherlands, which has a specific mandate within the group to test and learn new mobility solutions – that is the way we drive innovation internally and hope to be at the forefront of the market .
in terms of further growth, there are still many countries, even in europe, where operational vehicle leasing has great room for expansion, especially on the sme market. this is even the case in france and south europe. regarding the rest of the world, for the time being, we are experiencing the highest percentage of growth in brazil, mexico, china, india and russia – although, our absolute fleet numbers remain the highest in western europe .
based on a diversified universal banking model, the group combines financial solidity with a strategy of sustainable growth. it aims to be the reference for relationship banking, recognized on its markets, close to clients, and chosen for the quality and commitment of its teams .
societe generale has been playing a vital role in the economy for 150 years. with more than 148, 000 employees, based in 76 countries, we work with 30 million clients throughout the world on a daily basis. societe generale’s teams offer advice and services to individual, corporate and institutional customers in three core businesses :
corporate and investment banking, private banking, asset management and securities services, with recognized expertise, top international rankings and integrated solutions .
societe generale is included in the main socially responsible investment indices: ftse4good (global and europe), euronext vigeo (global, europe, eurozone and france), esi excellence (europe) from ethibel and four of the stoxx esg leaders indices .
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the bright lease brand name will continue to be used, and the six employees will remain with the company in order to retain their expertise and to ensure that as little as possible changes for the customer .
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“for munsterhuis lease the alliance is an opportunity to offer clients a broader package of mobility solutions, with the personal service to which its clients have become accustomed, ” director jochen munsterhuis explains .
the munsterhuis lease name will be maintained, as will its sales office in hengelo. current contracts will continue as they are, meaning that in practice munsterhuis lease clients will notice little of the new alliance .
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ald automotive is a french fleet managing and operational car leasing company and a fully owned subsidiary of société générale . the company is active internationally and manages around 1.4 million vehicles . with a direct presence in 41 countries and with top 3 positions in 26 countries , ald automotive is ranked # 3 worldwide and # 1 in europe by number of contracts under management and excluding oem captives as at 31 december 2016 with around 1.4 million full service vehicle leasing and fleet management service contracts . the company also sells former lease fleet vehicles to consumers through its ald carmarket brand . in 2015 ald automotive started leasing out e-bikes in the netherlands , as part of a program on experimenting with innovative mobility on the dutch market . 
ald automotive is a french fleet managing and operational car leasing company and a fully owned subsidiary of société générale. the company is active internationally and manages around 1.4 million vehicles. with a direct presence in 41 countries and with top 3 positions in 26 countries, ald automotive is ranked # 3 worldwide and # 1 in europe by number of contracts under management and excluding oem captives as at 31 december 2016 with around 1.4 million full service vehicle leasing and fleet management service contracts. the company also sells former lease fleet vehicles to consumers through its ald carmarket brand. in 2015 ald automotive started leasing out e-bikes in the netherlands, as part of a program on experimenting with innovative mobility on the dutch market.
ald automotive is a french fleet managing and operational car leasing company and a fully owned subsidiary of société générale. the company is active internationally and manages around 1.4 million vehicles. with a direct presence in 41 countries and with top 3 positions in 26 countries, ald automotive is ranked # 3 worldwide and # 1 in europe by number of contracts under management and excluding oem captives as at 31 december 2016 with around 1.4 million full service vehicle leasing and fleet management service contracts. the company also sells former lease fleet vehicles to consumers through its ald carmarket brand. in 2015 ald automotive started leasing out e-bikes in the netherlands, as part of a program on experimenting with innovative mobility on the dutch market.