ALD Automotive finalises acquisition of Parcours Group
The announcement from parent firm Societe Generale follows both groups’ decision to enter into exclusive negotiations earlier this year.
In a statement, Societe Generale said: “The acquisition of Parcours allows ALD Automotive to strengthen its position with SMEs and very small companies in France and to accelerate its growth in the long-term leasing business thanks to Parcours’ total fleet standing at 61,500 vehicles (including 55,000 in France).”
As a result of the acquisition, ALD Automotive’s pro forma total fleet represents almost 1.3 million vehicles at the end of April 2016, including 420,000 in France.
Natalie Middleton
Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
Leave a comment