ALD boosts global reach with SternLease acquisition in Netherlands

As part of the deal, ALD has secured a dedicated distribution agreement retaining access to the dealership network for the exclusive distribution of its leasing services.

ALD Netherlands manages a fleet of around 50,000 vehicles and the addition of SternLease places it as the fifth largest leasing company in the country.

Mike Masterson (pictured), chief executive officer of ALD, said: “SternLease has developed a competitive position in the SME and private lease market for long-term leasing services. This transaction further enhances our strategy to increase the reach of services brought to our customers.

“It is an example of our ability to identify bolt-on acquisitions with key differentiation factors to expand our coverage.”

Globally, ALD offers full-service leasing and fleet management services in 43 countries and currently manages a fleet of nearly 1.7 million vehicles.

Henk van der Kwast, CEO of Stern Group, added: “We are very pleased with the partnership as envisioned by both partners. We believe this alliance will significantly boost the business of our dealerships and SternPoint, as well as further improve the integrated mobility services we provide to our customers.”