In this way, the MAN group has strengthened its existing position in the commercial vehicle rental market. EURO-Leasing currently operates a fleet of over 3,200 trucks, 8,300 semi-trailers and trailers, and already provides services under the MAN Rental brand.
– The full acquisition of EURO-Leasing is a logical step towards consistently strengthening our position in this promising market – explains Frank Hiller, member of the Executive Board responsible for Sales, Service and Marketing at MAN Truck & Bus AG.
– Thanks to its know-how and customer-oriented approach, EURO-Leasing has developed significantly in recent years; by leveraging the technical expertise and the international sales and service network of MAN, we will be able to offer retail and corporate customers an exceptional portfolio of efficient vehicles and related services – says Ralf Faust, Managing Director of EURO-Leasing GmbH.
With the full acquisition of EURO-Leasing, MAN will be able to further expand its commercial vehicle rental operations in the international market. EURO-Leasing and MAN Rental are currently present in Germany, Poland, and Denmark. The next stage will be the introduction of MAN Rental to the UK and Swedish markets. The acquisition of EURO-Leasing will not result in any changes to the company’s structure.
– Short decision-making channels and operational flexibility are crucial for the success of a vehicle rental company. Therefore, we do not intend to make any changes to the current structures of EURO-Leasing or interfere with its existing independence. EURO-Leasing’s competence will simply become an additional product in the MAN sales department’s service portfolio, offered in the future in new markets as well – claims Frank Hiller.
The EURO-Leasing brand will be retained, and in countries where MAN plans to start or expand its existing vehicle rental operations in the future, services will be provided under the MAN Rental brand.