The merger of Stellantis leasing brands Leasys and Free2move Lease will go ahead by the end of H1 2023. As yet, no name has been announced for the merged businesses.
The new co-leasing company will be led by Richard Bouligny as chairman and Rolando D'Arco as CEO.
Currently Bouligny is the group deputy CEO of the automotive and mobility division of Crédit Agricole Consumer Finance and D’Arco is CEO of Leasys.
The merger follows the acquisition of Leasys by the Stellantis Group in 2021, following the merger of Fiat Chrysler Automobiles and the French PSA Group.
The new fleet mobility company, with a managed fleet of 828,000 vehicles, will be operational in 11 countries, supporting Stellantis brands with captive finance while also offering multi-brand full operational leasing.
By 2026, the combined fleet target is 1 million vehicles, an uplift of 21%.
Leasys is now a 50/50 joint venture between Stellantis and Credit Agricole Consumer Finance. Its previous joint venture partner, FCA Bank, has created the Drivalia mobility brand, a joint venture also with Credit Agricole.