The business was co-founded by LeasePlan Belgium in 1994 via one of its group companies and from the beginning, the company owned 51% of Excelease shares. In March last year, LeasePlan opened negotiations with Inchcape, the owner of the remaining 49% of the shares, with the agreement now having come to fruition and giving LeasePlan an additional 3,000 lease vehicles at its disposal.

Michel Van den Broeck, Managing Director at LeasePlan, is very pleased with the move: “Everyone at LeasePlan is obviously thrilled with this agreement. It is important to note that the transaction has enabled us to significantly increase our market share within the SME segment in Belgium.”