Announced
Completed
Financials
Tags
financial services
Friendly
Completed
Single Bidder
Cross Border
Majority
Private
Acquisition
Diversified Financials
Netherlands
Synopsis
Toyota Financial Services, a financing solutions provider, completed the acquisition of a majority stake in Alcredis Finance, a financial services provider, from Louwman, an automotive distributor. Financial terms were not disclosed. “The unique relationship with Toyota goes back to 1964, the year in which we became the official importer in the Netherlands. Since then, mutual respect has grown every year, with the latest confirmation of the now-announced partnership. In this way we are transforming from an automotive to a mobility company. Together with our dealer partners, we want to set the tone," Eric Louwman, Louwman Group President.
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