Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Change of ownership sparks Lex rebranding
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Change of ownership sparks Lex rebranding

Date: 26 July 2006

Lex Vehicle Leasing has changed its name and revealed a new logo as the fallout from the £227m deal that saw HBOS take complete control of the UK's biggest leasing firm takes effect.

The company has dropped the Vehicle Leasing part of its name to become simply Lex.

"We decided to stay with the Lex name because it is so well known in the fleet arena, but to drop the 'Vehicle Leasing' to reflect our broader business offering," said md Jon Walden.

Lex is now split into four sectors: Lex Corporate dealing with fleets of 20-20,000 vehicles, Lex Partner, which manages relationships with manufacturers, brokers and leasing companies, Lex Individual for PCP or HP schemes, and Lex Service, which deals with the services such as accident management, maintenance, marketing and daily rental for the three other areas.

HBOS took complete control of Lex in May, acquiring the remaining 50% of the business from previous owner Aviva.