The BNP Paribas Leasing Options heavy truck contract rent enterprise has been acquired by Novuna Automobile Options within the U.Okay. (previously Hitachi Capital Automobile Options).
The acquisition, which features a contract rent fleet of 1,300 specialist autos, is the primary since Hitachi rebranded to Novuna within the U.Okay. in February this yr.
BNP Paribas Leasing Options U.Okay. mentioned its enterprise wouldn’t be impacted by the disposal of its rental arm. In France, the Rental Options enterprise continues unaffected by the sale of the U.Okay. arm.
“This can be a particular alternative to proceed to develop our enterprise, evolving our specialist fleet providers and the proficient group who ship first-class buyer providers day in, day trip,” commented Jon Lawes, managing director of Novuna Automobile Options.
“The similarities that exist with the best way we do enterprise, our values, tradition, and buyer first-approach guarantee me that that is an thrilling alternative to strengthen our distinctive capabilities.”
French financial institution BNP Paribas owns leasing firm Arval, which supplies contract rent on automobiles and vans. Within the U.Okay., Arval ranks quantity three within the FN50 desk of leasing firms by fleet dimension; Novuna Automobile Options ranks seventh.
Novuna Automobile Options is a buying and selling type of Mitsubishi HC Capital UK PLC, a part of Mitsubishi HC Capital Inc., one of many world’s largest and most diversified monetary teams, with over £60bn value of property.
Initially posted on Global Fleet Management