ACQUISITION OF GE Capital Services
BNP Paribas announced that Arval today completed the acquisition, first announced in June, of GE Capital’s fleet management activities in Europe. Arval now becomes the leader on the full service leasing market in Europe.
Thanks to this acquisition, Arval becomes number one in Europe in full service leasing. The scope of this transaction includes more than 160,000 vehicles in 12 European countries, three quarters of which are located in France, Germany and Great Britain, with the total asset value of the vehicles reaching about EUR 2.4 billion.
The transaction has now been finalized after receiving the consent of the European Commission and all other competent regulatory authorities. This deal is part of a global transaction, within which Element Financial, a strategic partner of Arval in North America, finalized the acquisition of GE Capital Fleet Services in the United States (the transaction was concluded at the end of August) and in Mexico, Australia and New Zealand (this transaction was concluded at the end of September). As a result, the Element-Arval Global Alliance now becomes the global market leader, with a fleet of more than 3 million vehicles in 47 countries.
Arval surpasses LEVEL of 13,000 FINANCED VEHICLES IN FLEET
Arval is the only leasing company growing every year, and has done so since its founding in 2003. Currently, Arval surpassed the level of 13,000 vehicles in the fleet, solidifying its position in the operational leasing market.
The Arval Company, a leading provider of operational leasing in the Czech Republic, has a lengthy track record of posting excellent business results. This year it celebrates 12 years of its presence in the Czech market and presently also surpassing the level of 13,000 vehicles leased in the form operational leasing. Already in 2007 the Company overcame the level of 5,000 vehicles, and four years later it doubled this number. In comparison with the competition, it is the only leasing company in our market that can boast of sustained growth. Standing behind Arval’s excellent results is the strategy of providing a high level of service quality, perfectly functioning account teams and last but not least, the implementation of new IT technologies and smart applications for fleet management.
WE are entering a new dimension
Arval introduced new digital tools, whose development is part of the strategic program “ONE ARVAL”. The Company announced the launch of a unique offer in the area of telematics, the “Arval Active Link”, as well as the launch of a new international service, the Arval Webstore. Improvements were also made in the already existing services Arval Websites, Arval Analytics, Arval Fleet View and Arval Mobile+.
Ahead of the Digital Wave
The digital world is evolving rapidly. The Arval Company therefore decided, two years after the launch of the Arval Smart Experience initiative, to focus efforts on the digital world so that its customers could utilize the most modern technologies and their functionality. A number of tools have been improved and perfected with the aim of staying ahead of the digital wave and satisfying new and even the future needs of customers. Implementation of these digital transformations was made possible by extensive investments in infrastructure improvements across Arval. These investments are backed by specialized, fully engaged digital teams and by the creation of a startup for a range of offerings in the area of telematics.
Arval celebrates overcoming the 12,000 vehicles barrier
ARVAL CZ has posted growth in its fleet every year since its founding in 2003. In comparison with the competition, it is the only leasing company in the Czech Republic that succeeded in achieving such a record.
In 2007, the company recorded its surpassing of 5,000 vehicles, and just four years later Arval reached the 10,000 vehicles level. As of today, the second strongest leader in operational leasing in the Czech Republic can add 12,000 financed vehicles to its list of successes.
Standing behind the achievement of continuous growth by ARVAL CZ are four important steps: the setting of right business strategy, high quality services, the establishment of perfectly functioning Account teams and last but not least, the successful implementation of new IT technologies and smart applications for fleet management.
Of course, the most important key to the success are the customers of Arval and their loyalty, which exceeds 80%, and Arval is constantly working on fostering this loyalty and on deepening its relationship with its clients.
ARVAL 2014 FINANCIAL RESULTS
Arval recorded strong business growth and exceeded its targets for 2014
In 2012, Arval launched a number of strategic programs that produced a number of interesting results in subsequent years. A great benefit for clients, for example, proved to be the more flexible choice of the lease period from the medium term to long term. There was also a greater complexity of outsourcing solutions and a number of innovative projects such as Arval Smart Experience started to run. The fleet concerns of customers and their drivers became even more the focus of Aral’s attention. Growth in the number of leased vehicles by 6% to 725 000 vehicles in 2014 shows, in comparison with 2013, that these initiatives are successful. This is also shown in the increase in the number of vehicles purchased by 30% to 223,000 vehicles in 2014 compared to 2013. The number of vehicles sold also rose, increasing by 3.4% to 184,000 vehicles.
“Our branch also recorded growth in the managed fleet in the past year, growing by 4%. We now take care of more than 13,200 vehicles. I am pleased to say that we are the only leasing company in the market that recorded an increase in the number of vehicles in the fleet in every year of its eleven years of operation,” said Jiří Solucev, Commercial Director of ARVAL CZ.