Fleet and leasing provider Arval is to launch a Norwegian subsidiary in the Oslo Area in November 2017.
The launch will give Arval a presence throughout the Nordic region, as it already operates Danish, Swedish and Finnish arms.
Go deeper with GlobalData
The company said its aim is to be managing over 2,000 vehicles in Norway by 2020. In 2016, the total size of the Norwegian passenger car market was 154,603 in 2016, according to the European Automobile Manufacturers Association.
According to the company, its market approach in Norway will be equivalent to how it has approached other markets, with the accounts teams dedicated to clients across their fleet and mobility requirements.
Arval said Norway will be the ‘spearhead’ for its attempt to create carbon-neutral fleet car mixes and related services.
Norway is due to ban the sale of new petrol-powered cars in 2025, and Arval said it hoped opening a subsidiary in such a region would allow it to gather technical data (consumption, maintenance, etc.) and user feedback to enhance its own ability to respond to emerging needs of carbon-neutral fleets all over the world.
Philippe Bismut, chief executive officer of Arval, said: “Reducing one fleet’s environmental footprint has reached an unprecedented level of importance.
“We will build on Norway’s pioneering business environment to keep innovating and address our clients’ will to go greener in the future”.
