Company attributes
Other attributes
The company is owned by LP Group B.V., a consortium including Stichting Pensioenfonds Zorg en Welzijn, Arbejdsmarkedets Tillægspension, GIC Private Limited, TDR Capital and Luxinva S.A. of the Abu Dhabi Investment Authority.
Founded in the Netherlands in 1963 following a joint venture between a bank and a company providing services to drivers, LeasePlan initially specialized in the open-book management model (an actual costs management system).
LeasePlan expanded internationally in the 1970s by establishing operations in Belgium, Germany, France, and Great Britain.
In the 1990s, the banking group ABN-Amro acquired 100% of the shares in LeasePlan and founded a holding company named ABN-Amro Lease Holding. LeasePlan diversified its offer by introducing an online fleet management software package (Plan8, called now FleetReporting).
LeasePlan acquired several companies in the 2000's (Dial in Great Britain, in France, and in Italy, and CSC in the United States). In 2003, the holding company of the LeasePlan group was renamed LeasePlan Corporation. In 2004, ABN-Amro sold LeasePlan Corporation to a consortium consisting of the Volkswagen Group (50%), Olayan Group (25%), and Mubadala Development Company (25%).
On 21 March 2016, an international consortium led by the Dutch Stichting Pensioenfonds Zorg en Welzijn pension fund completed its acquisition of the company. In February 2018, the company announced plans for a flotation (initial public offering) of £5 billion.
LeasePlan, implemented in 32 countries, became the first company in the leasing industry to manage more than 1.5 million cars worldwide, and offer fleet management services. LeasePlan is present in traditional and emerging markets.
LeasePlan UK was created in 1979. The company operates a fleet of over 137,000 vehicles including 38,000 commercial vehicles. Major clients include NHS, Virgin Media and Carlsberg. It also sells off-lease vehicles to wholesalers and through its new CarNext.com unit. Awards the company has earned include the 2016 Supplier Awards for Leasing Company of the Year (more than 15,000 vehicles) and the 2011 Supplier Awards Customer Service Award.
LeasePlan Bank is a Dutch internet savings bank and an undertaking of LeasePlan. LeasePlan Bank was established in 2010 to provide an additional source of financing for LeasePlan's core business.
