Takeover ING Car Lease by BMW Group
All about BMW's takeover of ING Car Lease
On 23 September 2011, the European competition commission gave the green light for the merger of Alphabet and ING Car Lease. The strengthening of the fleet management division, Alphabet, pursues the strategy of the BMW Group, which aims to become the most important provider of premium products and services for individual mobility.
The merger was a perfect step for Alphabet and ING Car Lease. In this way, the two companies combine their resources and services in order to grow even further. Demand for all-inclusive mobility and user solutions is continually growing. The new organisation is an ideal platform for developing mobility services that accord with clients' wishes.
"Alphabet and ING Car Lease complement one another in every respect," says Norbert van den Eijnden, head of Alphabet International and co-CEO.
Or, as Ed Frederiks, former CEO of ING Car Lease and co-CEO, puts it: "These two exceptional names will together be able to offer the best possible service and products to our clients throughout the whole of Europe. We are continually building on our extensive experience from the past in order to innovate car-fleet management for the future and focus on sustainability and mobility."
Want to know more about this merger? Check out the following press releases:
|12/06/2012||Alphabet announces successful merger||Download|
|12/01/2012||Alphabet International restructures management after takeover||Download|
|30/09/2011||Alphabet and ING Car Lease continue as one company under the name Alphabet (FR version)||Download|
|08/07/2011||Alphabet strengthens position in European fleet market through takeover of ING Car Lease (FR version)||Download|