Auto Lease Partners has been acquired by Achilles Autolease

The shareholder of Auto Lease Partners (ALP), a Dutch car leasing company, have sold the company to Achilles Autolease (Achilles).

The leasing activities and occasion showroom of ALP are located in the north-western part of the Netherlands to serve private and business clients throughout the country.

Achilles Autolease, a subsidiary of Spuigroep, is a Dutch lease operator active throughout the Netherlands. With this acquisition, the company will add 700 vehicles to its own fleet.

After going through an anonymous due diligence process with different parties, exclusivity was finally granted to Achilles Autolease. After a second due diligence process on a non-anonymous basis, Achilles was given the opportunity to purchase all the activities of ALP.

Lucas Hanou, CEO of Achillles, commented: “At Achilles, being an ambitious lease operator, we are always looking to expand our fleet and offer additional services to our customers. We are pleased to welcome new customers every day by continuously striving to maintain excellent quality and high customer satisfaction, even during challenging economic circumstances. Strengthening our market position has both short and long term efficiency advantages. We are therefore very pleased to add the fleet and customer base of ALP to our own."

Oaklins' team in the Netherlands advised the seller in this transaction.