SG Fleet Group is pleased to announce the successful completion of its acquisition of LeasePlan’s Australian and New Zealand businesses. The acquisition creates a $2.5 billion company with a highly compelling fleet management and leasing offering across Australia and New Zealand, and a combined 250,000 vehicles under management.
Under an International Alliance Agreement that will also operate from today, SG Fleet and LeasePlan will provide customer referrals and know-how to each other in markets where both companies do not compete.
Robbie Blau, CEO of SG Fleet, said: “This is a significant milestone in the company’s evolution and brings together the best of two already highly-regarded businesses. The combined team is very excited to start taking full advantage of the potential created by joining forces with a highly respected industry peer”. Mr Blau also welcomed Tex Gunning to the Company’s Board. “It has been a pleasure to work with Tex and LeasePlan ANZ MD Spiro Haralambopoulos, and their teams, to bring together these two great businesses. I look forward to Tex’s contributions as a Director as we embark on a truly transformational journey for SG Fleet,” he said.
LeasePlan CEO and Chairman, Tex Gunning, commented: “Today, LeasePlan and SG Fleet have created a true leasing powerhouse in Australia and New Zealand. Together, the combined business will be in an even stronger position to lead the subscription megatrend and provide compelling products and services to its customers in the region. We are very proud of the businesses we have built up in Australia and New Zealand and I would like to thank everyone for their contributions over the years. I look forward to working with the team at SG Fleet to take the business to the next level.”