Industry News
LeasePlan acquires DCS Fleet from Mercedes-Benz Financial Services France
25th March 2008
LeasePlan and its subsidiary LeasePlan France S.A.S. announced on 18th March an agreement to purchase Daimler Chrysler Fleet Management France S.A.S. which operates under the brand name DCS Fleet. DCS Fleet, which currently manages a fleet of approximately 20,000 vehicles. The deal will bring Leaseplan,France’s fleet to well over 100,000 vehicles. LeasePlan, indirectly owned by a consortium of the Volkswagen Group (50%), Mubadala Development Company (25%) and the Olayan Group (25%), is the European market leader in fleet and vehicle management.
The acquisition is subject to approval from the French anti-trust authorities and the Dutch Central Bank. The parties expect to complete the transaction in Q2 2008.
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