LeasePlan Corporation
LeasePlan is a company specialized in the management of company vehicles (“fleet management”). Founded in the Netherlands in 1963 following a joint venture between a bank and a company providing services to drivers, LeasePlan initially specialized in the open book management model (an actual costs management system). Success of this model allowed LeasePlan to expand internationally in the 1970s by establishing operations in Belgium, Germany, France, and Great Britain, and to attain the position of worldwide leader in automotive fleet management.
In the 1990s, the banking group ABN-Amro acquired 100% of the shares in LeasePlan and founded a holding company named ABN-Amro Lease Holding. Following its founding, LeasePlan diversified its offering to the point that it arrived at a range of products, harmonized worldwide and locally, and in the 1980s it positioned itself as the reporting innovator by introducing an online fleet management software package (Plan8, called now FleetReporting).
Responding to the trend in market consolidation, LeasePlan acquired several companies in the years following 2000 (Dial in Great Britain, in France, and in Italy, and CSC in the United States).
In 2003, the holding company of the LeasePlan group was renamed LeasePlan Corporation.
In 2004, ABN-Amro sold LeasePlan Corporation to a consortium consisting of the Volkswagen group (50%), Olayan Group (25%), and Mubadala Development Company (25%).
Since 1st February 2010, the shares in LeasePlan are held by the Volkswagen Bank GmbH (50%) and Fleet Investments B.V. (50%). Volkswagen Bank is a subsidiary of Volkswagen Financial Services AG; Fleet Investments is an investment company of German banker Mr. F. von Metzler.
To get more information on the group: www.leaseplancorp.com
