Other events in Baltic States

Fleet management and full service lease company ALD Automotive leased more than 3000 vehicles in the Baltic States up to the end of 2007, which is 150% more than the year before. ”Previous year we acquired 15% of the Baltic vehicle operational leasing and fleet management market”, says ALD Automotive Baltic Countries Managing Director, Frank Svenhard, adding that over the next years it is planned to gain at least 30 % of the total Baltic full service operational leasing market.

At present ALD Automotive has got more than 600 clients in the Baltic countries. Among them are private companies and government organizations, which use actively the car fleet for their needs. “At present there is a considerable increase in the field of vehicle operational leasing in the Baltic States. For the most companies this is not so vague concept, which it used to be some three –four years ago, since this service is continuing to gain its audience and the whole sphere has been growing steadily”, says Andrejs Pancenko, Member of the Board, ALD Automotive Ltd., outlining that this is the most popular form of vehicle acquisition in business today among corporate customers.

 ALD Automotive is one of the leading and biggest fleet management and full service lease companies in the world. Company operates in 39 countries, employs approximately 3 600 people and manages more than 730 000 vehicles.

ALD Automotive has been working in Estonia since 2005. Company launched active operation in the Baltic States in 2006 by establishing subsidiaries in Lithuania and Latvia in early and mid 2006 respectively.

ALD Automotive is a part of Société Générale Group’s Specialized Financial Services Division also present on the Baltic Market with its Consumer Finance activity InservissCredit in Latvia.