SG Fleet to merge with LeasePlan's Australian and New Zealand operations for a AUD2.5bn deal.

SG Fleet, a provider of integrated mobility solutions, agreed to merge with LeasePlan's Australian and New Zealand operations for a AUD2.5bn deal. “With the announcement of our international alliance with SG Fleet, the combined business will be well positioned to serve its growing customer base and thrive in the Australian and New Zealand markets. In addition, LeasePlan Corporation will be able to place greater focus on leading the subscription megatrend and delivering accelerated profitable growth in its core markets. We are very proud of the businesses we have built-up in Australia and New Zealand, and wish our colleagues every success as part of SG Fleet,” Tex Gunning, LeasePlan CEO.