Posted on May 24, 2023 / 3
Listing Type : Investment News

The India operations of ALD Automotive and LeasePlan will be merged following the acquisition of LeasePlan globally by ALD Automotive. ALD has concluded a 100% acquisition of LeasePlan, one of the world’s leading fleet management and mobility companies for an undisclosed amount from a consortium led by TDR Capital, the two companies said in a joint statement on Tuesday

To lead strategic development of the combined entity in India, Tim Albertsen, chief executive, ALD Automotive-LeasePlan, has appointed Suvajit Karmakar as country MD and Asia sub-regional director of the merged entity to oversee business activities for the group in Malaysia and Thailand.


ALD Automotive India has a combined fleet of more than 38,000 vehicles across India. This makes it the largest mobility player in the country.

Source: Economic times 24/5/23

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