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  • ALD TO ESTABLISH FULL SERVICE LEASING OPERATIONS IN IRELAND WITH THE ACQUISITION OF MERRION FLEET

    May 30th, 2017

    On 29 May 2017, ALD signed an agreement to acquire Merrion Fleet the 2nd largest leasing and fleet management company in Ireland. This acquisition forms part of ALD’s development strategy and is an example of ALD’s focus on targeted and value accretive bolt-on acquisitions. 

    ALD is the operational and fleet management business line of French Bank, Societe Generale the largest providers in Europe. They currently have a direct presence in 41 countries over 4 continents. They have 6000 employees and over 1.4 m vehicles under management.   

    Merrion Fleet Management Limited are a privately owned company established in 1999. Since that time they have been steadily growing their business and are now the 2nd largest leasing and fleet management company in Ireland with a portfolio of approximately 5,500 vehicles. 

    David Hurley, CEO of Merrion Fleet, said:

    ‘We are very excited to join ALD  and believe this is very positive news for our customers and staff as it supports the future growth and development of the Merrion business. Combining our service offering and established presence in Ireland with the innovative and financial power of ALD will enable us to bring a broader product range and global expertise and as such add value for our customers and employees’ 

    Mike Masterson, CEO of ALD, said:

    ‘We are very happy with this acquisition that enables us to expand our coverage in Europe and increase added value for our international customers. We will also bring our financial and innovation capabilities to further develop the Merrion Fleet business’.

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