Fleet News

ALD grows market share

ALD Automotive Luxembourg has grown its fleet by 1,150 vehicles by taking over the operational leasing business of Locarlux SA. The acquisition gives the company a fleet of 5,300 vehicles and a market share of 24%.

Locarlux’s 47 employees have transferred to ALD under the deal. In a separate announcement, ALD Automotive said it can now help European customers looking for a fleet management partner in the US after acquiring Ultea, the leasing company belonging to Heartland Financial USA.

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