4 Jan 19

Terberg and Business Lease finalise merger

Terberg Leasing and Business Lease Nederland have finalised their merger. The two Netherlands-based, family-owned vehicle leasing companies had announced the move last year. Called Terberg Business Lease Group, the merged company manages a combined fleet of 46,500 vehicles, via three separate labels: Business Lease, Privatelease.com and Justlease.  

The merger only involves the Dutch subsidiary of Business Lease. The lease company has branches in other European countries, which will continue to operate independently from the new company, under the umbrella of Autobinck Group. 

Rogier van Ewijk, CEO of Terberg Leasing, is the CEO of the new company. Richard de Kreij, also originally a Terberg exec, is CFO. Mas van Steenis, CEO of Business Lease, is a member of the Project Management Organisation (PMO) – as are the other members of both former management teams. The other positions in the company's executive and management boards will be announced soon. 

Authored by: Frank Jacobs