Crédit Agricole Leasing & Factoring completed the acquisition of Merca Leasing.

Crédit Agricole Leasing & Factoring, a subsidiary of the Crédit Agricole group, completed the acquisition of Merca Leasing, specializing in providing financial leasing solutions. Financial terms were not disclosed. “We are delighted to welcome all the employees of Merca Leasing, whom I warmly greet on behalf of all the teams at Crédit Agricole Leasing & Factoring. The acquisition of Merca Leasing is an important step in the European development of Crédit Agricole Leasing & Factoring, and is fully aligned with our strategy and the achievement of the ambitions of our 2025 Medium-Term Plan, ‘Transitions to the Future.’ This transaction offers the teams at CAL&F and Merca Leasing the opportunity to combine their expertise and strengths to better serve our clients and the German market,” Hervé Varillon, Crédit Agricole Leasing & Factoring CEO.