• Investment in Growth of the European Fleet Management
• Consolidation of Daimler Fleet Management and Athlon strengthens Position of Daimler Financial Services as Full Service Provider
• Multibrand Portfolio covers 340,000 Cars and Vans
Daimler Financial Services announced today a strategic investment into the growth of their fleet management and signed an agreement to purchase Athlon Car Lease International B.V. from the Dutch De Lage Landen group, a subsidiary of Rabobank. The future business of the consolidated fleet operations between Daimler Fleet Management and Athlon will operate under the Athlon brand. As a result of this strategic acquisition, Daimler Financial Services strengthens its foothold in Europe with a fleet management portfolio of approximately 340,000 passenger cars and vans.
“Fleet management is a growth market and this acquisition of a strongly positioned and innovative fleet management company is a key step for us in becoming a leading fleet management services provider. It also allows us to enhance fleets with Daimler’s products and mobility offers”, stated Bodo Uebber, Board of Management member of Daimler AG responsible for Finance and Controlling and Financial Services.
“Today, fleet customers do expect a flexible management of their mobility needs across brands around their fleets. Rental, leasing, corporate carsharing and comprehensive reporting are key elements of our fleet management value proposition”, stated Klaus Entenmann, Chairman of Daimler Financial Services AG.
CEO Frans Janssen of Athlon International, stated: “The merging of Athlon and Daimler, two strong innovative brands, will positively contribute to our customers’ ability to access an extended product and service range across Europe.” Bill Stephenson, CEO and Chairman of the Executive Board of DLL, the holding company of Athlon, stated: “We have found a shareholder in Daimler Financial Services that possesses the aspiration and drive to fuel Athlon’s future growth and success.” Closing the purchase is subject to regulatory approvals and is expected in the fourth calendar quarter of 2016 at which time further details will be provided.
About Athlon Car Lease International
Athlon Car Lease International B.V. is a leading provider of mobility solutions for companies in Europe. Athlon is part of DLL (De Lage Landen International B.V.) Group, belonging to Dutch Rabobank. The company services around 250,000 vehicles in eleven European countries: Belgium, France, Germany, Holland, Italy, Luxembourg, Poland, Portugal, Spain, Sweden and Switzerland.
About Daimler Fleet Management
Daimler Fleet Management GmbH provides fleet management for passenger cars and vans and manages about 85,000 vehicles. It is doing business in 13 countries: Austria, Belgium, Czech Republic, France, Germany, Great Britain, Holland, Italy, Luxembourg, Poland, Spain, Sweden and Switzerland.
Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance, financial investments, credit cards, and innovative mobility services.
The company’s founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today: The Group’s focus is on innovative and green technologies as well as on safe and superior automobiles that appeal to and fascinate. Daimler consequently invests in the development of alternative drive trains with the long-term goal of emission-free driving: from hybrid vehicles to electric vehicles powered by battery or fuel cell. Furthermore, the company follows a consistent path towards accident-free driving and intelligent connectivity all the way to autonomous driving. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment.
Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities in Europe, North and South America, Asia, and Africa. Its current brand portfolio includes, in addition to the world’s most valuable premium automotive brand, Mercedes-Benz, as well as Mercedes-AMG, Mercedes-Maybach and Mercedes me, the brands smart, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses, and Daimler Financial Services’ brands: Mercedes-Benz Bank, Mercedes-Benz Financial, Daimler Truck Financial, moovel, car2go and mytaxi. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2015, the Group sold around 2.9 million vehicles and employed a workforce of 284,015 people; revenue totalled €149.5 billion and EBIT amounted to €13.2 billion.