Following this deal, Banca Transilvania Financial Group exits the local operating leasing market and Autonom reaches 500 employees, approximately 5,000 corporate customers, and a car fleet of over 8,000 vehicles.
The deal is expected to be closed this year, pending antitrust watchdog approval.
“We are glad to have grown the business in a difficult niche of operational leasing. BT Operational Leasing has become one of the main players on the local operational leasing and auto fleet management market. We trust that the business will be developed even better thanks to the skills at Autonom,” said Banca Transilvania CEO Omer Tetik.
BT Operational Leasing was founded in 2001 and became part of Banca Transilvania Financial Group in 2006. The company’s fleet increased seven-fold in the past 6 years, reaching over 3,000 vehicles and a turnover of more than EUR15 million in 2017.
Autonom is the leading car rental company in Romania. It was founded in 2006 and has 45 offices in 35 cities in Romania, Hungary, and Serbia. It had a turnover of EUR27 million in 2017.