Do you need help? Please contact our support team from 9 to 17 CET via support.pressclub@bmwgroup.com.

PressClub Global · Article.

Alphabet and ING Car Lease start combined business

Press release by Alphabet concerning the closing of the acquisition of ING Car Lease

Financial Services
·
Finance, Facts, Figures

Press Contact.

Micaela Sandstede
BMW Group

Tel: +44-781-537-0698

send an e-mail

Related Links.

This article in other PressClubs

Alphabet

Press Release

 

Alphabet and ING Car Lease start combined business

The company will operate under the name “Alphabet“

 

MUNICH, 30/09/2011 – On 23 September 2011, European competition authorities gave the green light to the Alphabet and ING Car Lease merger. As announced in July, Alphabet has acquired ING Car Lease for the sum of 637 million euros. The transaction was completed on 30 September 2011. The integrated company will be operating under the name Alphabet and rank amongst the top five companies in the European market.

 

For Alphabet and ING Car Lease, the merger represents a perfect fit. The two companies are combining their assets and services to further expand their existing growth strategy. The new fleet management organisation is an ideal platform to develop and adapt future mobility services for customers’ needs. There is an increasing demand for comprehensive mobility and usage solutions.

 

The new Alphabet now has more than 460,000 financed cars under contract (at the end of August) and is represented in a total of 18 countries. “Alphabet and ING Car Lease complement each other well in all business areas”, says Norbert van den Eijnden, Head of Alphabet International and co-CEO. "It’s a perfect marriage that will open up many new opportunities for the company to become a genuine trendsetter in business mobility.”

 

For Ed Frederiks, former CEO of ING Car Lease and co-CEO of the integrated company, the impact for existing and future customers will be positive. “Our customers and prospects will benefit from our stronger positioning and we will be able to optimise our portfolio”, he says. “These two exceptional brands combined will ensure the best possible service and product offerings to our clients across Europe. We are building on the strong expertise and experience from the past to innovate and effectively incorporate sustainability and mobility in fleet management.” A pivotal aspect of the company’s services is Alphabet’s strengthened multi-make approach across Europe, which offers the customers a wider range of options to meet fleet needs.

 

The next step for the combined business will be to integrate both operationally and culturally. “We want to make sure that customers and employees feel comfortable with the combined companies”, says Mr. van den Eijnden.

 

   

About Alphabet

Alphabet is one of the top five international fleet management providers with cars of all brands. The company supports the sustainable design of corporate fleets and mobility management schemes. Alphabet offers individual and innovative solutions and services, from consulting, financing and car services, to complete management solutions. Established in 1997 Alphabet manages more than 530,000 company cars, including over 70,000 service contracts. Alphabet is represented in 18 countries. As a BMW Group Division, Alphabet maintains the same high quality and process standards as its parent company. Alphabet’s headquarters are in Munich, Germany. For more information, please visit: www.alphabet.com

 

 

 

 

 

Contact Alphabet:

Dr. Nancy Storp

Alphabet International

A BMW Group Division

Lilienthalallee 32

D-80788 Munich

E-Mail nancy.storp@alphabet.com

Media Contact:

Monika Rapp

consense communications

Nymphenburger Strasse 86

D-80636 Munich

Phone +49 89 23 00 26-66

E-Mail alphabet@consense-communications.com

 

 

 

Article Offline Attachments.

Article Media Material.

My.PressClub Login
 

BMW Group Streaming

AUTO CHINA 2024.

Beijing. 24/25 April 2024.

Here you can see the Webcasts of the BMW Group Night and Press Conference at the Auto China 2024; with the World Premieres of the new MINI Aceman and the new BMW i4.

Open Streaming Page

CO2 emission information.

Fuel consumption, CO2 emission figures and power consumption and range were measured using the methods required according to Regulation VO (EC) 2007/715 as amended. They refer to vehicles on the German automotive market. For ranges, the NEDC figures take into account differences in the selected wheel and tyre size, while the WLTP figures take into account the effects of any optional equipment.

All figures have already been calculated based on the new WLTP test cycle. NEDC figures listed have been adjusted to the NEDC measurement method where applicable. WLTP values are used as a basis for the assessment of taxes and other vehicle-related duties which are (also) based on CO2 emissions and, where applicable, for the purposes of vehicle-specific subsidies. Further information on the WLTP and NEDC measurement procedures is also available at www.bmw.de/wltp.

For further details of the official fuel consumption figures and official specific CO2 emissions of new cars, please refer to the “Manual on the fuel consumption, CO2 emissions and power consumption of new cars”, available at sales outlets free of charge, from Deutsche Automobil Treuhand GmbH (DAT), Hellmuth-Hirth-Str. 1, 73760 Ostfildern-Scharnhausen and at https://www.dat.de/co2/.

Latest Facts & Figures.

Specifications of the BMW XM 50e, valid from 02/2024.
Wed Mar 06 13:48:00 CET 2024
G09
BMW M Automobiles
Specifications of the BMW i5 xDrive40, valid from 03/2024.
Thu Feb 29 15:53:00 CET 2024
G60
BMW i
Specifications of the BMW iX2 eDrive20, valid from 03/2024.
Sat Feb 17 09:00:00 CET 2024
U10
BMW i
Show all

Add your filter tags.

Press Release
Press Kit
Speech
Fact & Figures
Spanish
  • Language of file attachment
  • Arabic
  • Chinese
  • Chinese (simplified)
  • English
  • English
  • French
  • German
  • Hungarian
  • Italian
  • Japanese
  • Korean
  • Other Language
  • Russian
  • Spanish
Updates
Top-Topic
Submit filter
Clear all
 
Sun
Mon
Tue
Wed
Thu
Fri
Sat
 
Login