LeasePlan takes full ownership of LeasePlan Turkey
The fleet management and driver mobility company has now completed the acquisition of the 49% stake in LPD Holding A.Ș, the holding company of LeasePlan Turkey, from Dogus Group, as announced late last year.
LeasePlan and Dogus Otomotiv, one of the leading automotive importers and distributors in Turkey, became joint venture partners in 2007, when LeasePlan acquired its existing 51% majority stake in LeasePlan Turkey from Volkswagen Financial Services. Since then, LeasePlan Turkey has become a leading player in the Turkish fleet management industry, currently managing a fleet of more than 14,000 cars.
Turkay Oktay, managing director of LeasePlan Turkey, said: 'We are increasingly successful in promoting the advantages of operational leasing in Turkey and will continue to introduce new products and services to the market. Looking ahead, we aim to further grow our market share, maintaining a strong focus on customer satisfaction.'
The news comes as LeasePlan announces an increase in net profits and the number of vehicles under management.
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.
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