Leasys, Stellantis and Crédit Agricole Consumer Finance Joint Venture Finalizes Acquisition of LeasePlan Luxembourg

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  Leasys, owned equally by Stellantis and Crédit Agricole Consumer Finance, grows its assets aiming to be one of the main players in the European rental business.
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  Acquisitions lead Leasys one step closer to achieving its ambitious target of one million vehicles in fleet by 2026.

Leasys finalized the acquisition of LeasePlan’s activities in Luxembourg on August 1st, following the binding agreement signed by Stellantis and Credit Agricole Consumer Finance.

This transaction grows Leasys active fleet, contributing to the business:

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  achieving the ambitious target of 1 million vehicles in fleet by 2026 and

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  accelerating the development of the Company in strategic European countries, in line with the ambitions of being ranked among the European leaders in automotive financing.

“This acquisition is yet another signal that confirms our willingness to seize any strategic market opportunity. Our way forward is clear and the new Leasys is set to become a key player in the European mobility area capable to offer innovative, affordable and sustainable mobility,” said Rolando D’Arco, Leasys CEO.

“Today marks the beginning of a new chapter for our company in Luxembourg, creating unique opportunities to strengthen our development and be the reference in our market. Together with my team, I am proud and delighted to join Leasys, to become a European leader in the operational leasing industry offering a new sustainable mobility choice. The new company has strong ambitions and key strengths such as sourcing, multibrand approach, funding, network, investment and digital capabilities, supported by our strong shareholders. We will accelerate growth and innovation to meet the needs of our professional and private customers while offering an excellent customer experience. As we celebrate 35 years in Luxembourg in 2023, we are ready, more than ever, for what's next!” explains Joel Fernandes, Managing Director of LeasePlan Luxembourg becoming now Leasys Luxembourg.

Leasys offers mobility solutions which range from medium term flexible and long-term rentals to management systems for company fleets, guaranteeing efficient, rational, safe and sustainable mobility. Leasys already operates in 11 European countries under the Stellantis umbrella with a multibrand approach and through various sales channels: the Stellantis network, independent brokers brokers, direct sales and digital channels. The company's strategy is to offer innovative mobility solutions that will provide customers with the best mobility experience. Long-term leasing will be a 'driver' in the transition to electrification.

Leasys, a joint venture between Stellantis and Crédit Agricole Consumer Finance, offers mobility solutions which range from medium-term and long-term rentals to management systems for company fleets, guaranteeing efficient, rational, safe and sustainable mobility. Created out of the merging of two leading companies in the sector, Leasys and Free2Move Lease, the new company is ranked fourth on the European market and has established itself as a pioneer of the new idea of fluid, integrated and global mobility designed for private individuals, professionals and companies of all shapes and sizes. Leasys boasts of an initial managed fleet of 828,00 vehicles that is already operational in 11 European countries: Austria, Belgium, France, Germany, Italy, Luxembourg, Poland, Portugal, Spain, The Netherlands and The UK.

For more information, contact:

Leasys Luxembourg Cathy Klein +352 40 44 11 3271 cklein@leaseplan.com