Japan's Hitachi Capital Corp. has acquired Netherlands-based car leasing company NL Nord Lease AG for about ¥1 billion, The Nikkei reported Feb. 1.

Nord Lease owns and leases about 10,000 vehicles, mainly in the Dutch province of Groningen. With the acquisition, Hitachi Capital plans to expand to the rest the Netherlands.

As of Feb. 1, US$1 was equivalent to ¥113.46.