ALD Automotive finalizes acquisition of Parcour

Societe Generale today announces that its subsidiary ALD Automotive has finalised the acquisition of Parcours Group, a subsidiary of Wendel, following both groups’ decision to enter into exclusive negotiations on 17 February 2016.

The acquisition of Parcours allows ALD Automotive to strengthen its position with SMEs and very small companies in France and to accelerate its growth in the long-term leasing business thanks to Parcours’ total fleet standing at 61,500 vehicles (including 55,000 in France). Thanks to this acquisition, ALD Automotive’s pro forma total fleet represents almost 1.3 million vehicles at the end of April 2016, including 420,000 in France.

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