BNP Paribas Leasing Solutions has sold the assets and contracts of BNP Paribas Rental Solutions Limited, which offers truck contract hire services, to Novuna Vehicle Solutions for an undisclosed amount.

BNP Paribas Rental Solutions Limited’s business operates a contract hire fleet of over 1,300 specialist vehicles across the UK. Novuna Vehicle Solutions is a UK-based vehicle leasing and fleet management provider. 

The core operations of BNP Paribas Leasing Solutions UK will not be impacted by the sale nor will it impact on BNP Paribas Rental Solutions business in France where the company is a market player, the company said in a press release. 

Jon Lawes, managing director of Novuna Vehicle Solutions, said: “This is a special opportunity to continue to grow our business, evolving our specialist fleet services and the talented team who deliver first-class customer services day in, day out.” 

“The similarities that exist with the way we do business, our values, culture and customer-first approach assure me that this is an exciting opportunity to strengthen our unique capabilities.” 

EY acted as lead financial adviser to BNP Paribas Leasing Solutions on the transaction.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Novuna Vehicle Solutions is a trading name of Mitsubishi HC Capital UK PLC, part of Mitsubishi HC Capital Inc.

Novuna rebrand from Hitachi Capital Business Finance complete

Hitachi Capital Business Finance to rebrand by April 2022