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ALD Automotive successfully completes the acquisition of LeasePlan and announces local management selections

ALD Automotive successfully completes the  acquisition of LeasePlan and announces local  management selections

ALD Automotive has successfully completed the acquisition of 100% of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital.

This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with a total fleet of 3.31 million vehicles managed worldwide. By joining forces, ALD Automotive and LeasePlan will lead the way to net zero and further shape the digital transformation of the industry. The combined entity will leverage on scale and complementary capabilities to strengthen its competitiveness and deliver sustained growth.

Following the completion of this acquisition, ALD Automotive and LeasePlan in the UK will begin the process of integrating into one company, subject to regulatory approval.

To lead strategic development in the UK, Tim Albertsen, Chief Executive Officer of ALD Automotive | LeasePlan, has selected Alfonso Martinez Cordero, currently Managing Director of LeasePlan UK, to become Country Managing Director of the combined entity. He will be supported by Tim Laver, currently Managing Director of ALD Automotive in the UK, who has been selected to become Deputy Country Managing Director for the UK. These selections are subject to regulatory approval.

Alfonso Martinez Cordero and Tim Laver are among the key talents selected from both ALD Automotive and LeasePlan who are best positioned to implement the combined entity’s challenging integration plan moving forward and successfully deliver the strategic development growth targeted in the coming months and years.

Commenting on his selection, Alfonso Martinez Codero, said:

“It’s an exciting time to unite two market-leading organisations into one digitally enabled mobility provider, to deliver sustainable solutions for our customers. Our combined expertise, experience and scale will allow us to bring to market an unrivalled and truly game-changing service offering.    

“It’s my privilege to have been selected to lead us through this period of integration and positive change, supported by one of the most talented teams in the industry.” 



Alfonso Martinez Codero

Since being appointed Managing Director of LeasePlan UK in 2019, Alfonso has played a key role in the strategic direction and business performance across the corporate, SME, public sector and consumer markets.

Before joining the UK team, Alfonso served as Chief Financial Officer of Spain before becoming Managing Director of LeasePlan Italy seven years later in 2012.


Tim Laver

Tim was appointed Managing Director in July 2019, having been ALD Automotive UK’s Director of Finance and Risk since January 2006. Prior to joining ALD Automotive, Tim worked in the Internal Audit team at Arval. Prior to Arval he qualified as a Chartered Accountant at Ernst & Young. With more than 20 years of experience within the vehicle financing sector Tim has a detailed understanding of the needs of the fast changing world of mobility. 



ALD Automotive | LeasePlan

ALD Automotive | LeasePlan is a leading global sustainable mobility player providing full-service leasing, flexible subscription services, fleet management services and multi-mobility solutions to a client base of large corporates, SMEs, professionals and private individuals. With the broadest coverage in 44 countries through direct presence, ALD Automotive | LeasePlan is leveraging its unique position to lead the way to net zero and further shape the digital transformation of the industry through innovation and technology-enabled services to enable the transformation towards large scale adoption of sustainable mobility.

With 15,700 employees worldwide, ALD Automotive | LeasePlan manages 3.3 million vehicles (at end-March 2023). 

The company is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: ALD). Societe Generale is ALD Automotive | LeasePlan’s majority shareholder.

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[1] Excluding entities held for sale