M&A Worldwide > News > Industry Groups > Automotive > ALD automotive – Axus Nederland suby Societe Generale & SternLease
ALD automotive – Axus Nederland suby Societe Generale & SternLease
NETHERLANDS
2019
![ald sternlease deal](https://m-a-worldwide.com/wp-content/uploads/2019/03/ald-sternlease-deal.png)
SELL-SIDE
Acquisition of SternLease B.V., a subsidiary of Stern Group, totaling c. 13,000 vehicles, strengthening ALD’s SME and Private Lease offering in the Netherlands.
- Dedicated distribution agreement through Dealergroup Stern’s 85 local branches
- Transaction forms part of ALD’s growth strategy focused on delivering value-added mobility services to SMEs and private individuals.
- The overall deal value was € 88 million.