LKQ has signed a deal with Cars-As-A-Service provider LeasePlan. The deal includes the full management of the vehicle maintenance for the LeasePlan fleet in LKQ-affiliated repair centers and the supply of original quality spare parts by LKQ to the network of LeasePlan partner garages across the UK and Europe.
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The news comes just weeks after ALD Automotive completed its €4.9bn acquisition of LeasePlan. ALD’s takeover was a protracted event that involved various subsidiary businesses being sold to win approval from the CMA. Now that the deal is complete, large scale management decisions can be taken.
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“LKQ and LeasePlan are already collaborating successfully in select countries, and we are pleased to have extended our partnership to a pan-European level,” says Varun Laroyia, CEO LKQ Europe. “LeasePlan is a leader in Car-as-a-Service, and we are confident that there is mutual benefit in partnering on a larger scale. Our established processes have proven to be efficient and effective, and we look forward to providing LeasePlan with our broader expertise and know-how in spare parts distribution and repair.”
“We are delighted to have reached a multi-year cooperation agreement with the leading distributor in the European automotive aftermarket,” comments Ignacio Barbadillo Llorens, Chief Operations Officer LeasePlan. “Thanks to this prestigious collaboration, significant local and central efficiencies and benefits for our customers will be achieved.”
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