India operations of ALD Automotive and LeasePlan to merge

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.