Iberia in a move that will double its Spanish fleet to over 30,000
vehicles.
The company, a subsidiary of Amsterdam-headquartered ING Lease
Holding, has entered into an agreement with German-based GFKL
Financial Services, to acquire its Spanish car leasing arm, as it
plans a “substantial expansion” of operations across Europe.
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The acquisition will allow ING Car Lease to double its Spanish
fleet from 15,000 units to 31,000 units. The company will become
the seventh largest fleet operator in the Spanish car lease
market.
Karin Bergstein, managing director of ING Car Lease in Europe
said: “As the European car lease market continues to consolidate,
the acquisition of Universal Lease Iberia in the Spanish Market
will enable us to continue to enhance our position as one of the
leading businesses in the European car leasing sector and brings us
closer on our way to 300,000 cars across Europe.”
Jorge Bautista, who leads operations of ING Car Lease Spain,
added that the acquisition will provide access to SMEs in the South
of the country, where Universal Lease is the market leader.
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