Arval has opened a subsidiary in Norway, with plans to have 2,000 vehicles under management in the country by 2020.

Arval sets out targets for new Norwegian subsidiary

The leasing and fleet management giant is already present in Denmark, Sweden and Finland and said the new subsidiary marks the final step towards its full presence in the Nordics.

Located in the Oslo area, the new subsidiary will offer access to Arval’s products and services from November, including its Active Link telematics-based solution, newly updated Outsourcing Solutions and mobility solutions such as car sharing.

The market approach will be the same as with other subsidiaries: account teams comprising dedicated teams of experts will treat clients as their own “mini long term rental companies”, providing a close-working relationship that can offer advice on any mobility-related activity.

Arval Norway will also be the company’s spearhead for carbon-neutral mobility. The country is already a leading light in electric vehicle adoption with plans to ban petrol-powered cars in 2025, and Arval’s launch in the country will see it rent and manage corporate fleets increasingly relying on hybrid and EVs, with the technical data and user feedback helping Arval to enhance its carbon-neutral fleet services all over the world.

Outlining that Arval Norway will be a key asset in this area, Philippe Bismut, CEO of Arval, commented: “Reducing one fleet’s environmental footprint has reached an unprecedented level of importance. We will build on Norway’s pioneering business environment to keep innovating and address our clients’ will to go greener in the future.”