Arval is in exclusive negotiations to acquire Athlon from Mercedes-Benz Group, aiming to create a European co-leader in full-service vehicle leasing with a combined fleet of approximately 2.3 million vehicles.

Information on the Target

Arval, a prominent player in the European vehicle leasing market, is in exclusive negotiations with the Mercedes-Benz Group regarding the acquisition of Athlon. Athlon operates a diverse fleet of over 400,000 vehicles, with 56,000 under fleet management across ten European countries. This strategic move seeks to enhance Arval's existing capabilities and expand its service offerings to Athlon’s extensive client base.

The acquisition would result in a combined leased fleet of approximately 2.3 million vehicles. Arval's current fleet consists of 1.9 million vehicles, showing a remarkable annual growth trend of over 100,000 units in the last three years. By incorporating Athlon, Arval aims to solidify its position as a leading force in the full-service vehicle leasing industry.

Industry Overview in the Target’s Specific Country

The full-service vehicle leasing sector in Europe is witnessing a transformative phase, increasingly focused on sustainability and innovative mobility solutions. Countries such a