ALD acquires Spanish flexible rental specialist
Reflex is an independent provider of flexible renting and runs around 2,000 vehicles to SMEs. The acquisition strengthens ALD’s flexible renting offering in Spain, where its division currently manages a fleet of around 4,000 flexible contracts with large corporates.
Mike Masterson, CEO of ALD, said: “Reflex has developed a niche position through a singular product offering, unique IT capabilities and direct access to SMEs. This transaction further enhances our strategy to increase the scope of services brought to our customers. It is an example of our ability to identify bolt-on acquisitions with key differentiation factors.”
Pablo Martinez, CEO of Reflex, added: “The combination of Reflex unique capabilities in flexible renting and ALD commercial reach and product offering will be a clear growth accelerator.”