Lease Plan, the largest provider of operational leasing of cars in Europe, has announced the acquisition of Dial Contracts. Lease Plan, a subsidiary of ABN AMRO, will assume full control of Dial, a subsidiary of Barclays. The purchase, by Europe’s largest lessor, of the ninth largest lessor will significantly augment Lease Plan’s European coverage especially in the strategically important British and French markets. The new market shares that Lease Plan will hold are depicted in Fig 1. It is evident that Dial’s operations will significantly strengthen Lease Plan in Western Europe where they will assume market leadership in the UK and nearly 50% of the market in Spain.
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