“Last year many companies became more aware of the opportunity to cut their fleet management costs by outsourcing this service, which subsequently led to growth both for the profile market and for our company,” said LeasePlan Romania general manager Bogdan Apahidean.

Apahidean also said LeasePlan targets a 20% increase in the number of administered vehicles, to 7,400 units, adding the company will invest EUR30 million in purchasing vehicles and light commercial vehicles, of maximum 3.5 tons.

LeasePlan Romania, a subsidiary of Dutch group LeasePlan, administered a total of 6,267 vehicles at the end of 2011, up 30% on the year and its portfolio rose 57% to EUR57.76 million in 2011. LeasePlan Romania has a portfolio of over 160 companies operating various fields of activity.

LeasePlan Group operates in 30 countries and employs over 6,000 people. The group’s shareholding structure includes Volkswagen Group with a 50% stake and Fleet Investments with a 50% stake.