Europcar Sells Its 25% Stake in Car2go Europe for €70M
SAINT-QUENTIN EN YVELINES,
The completion of the transaction requires the approval of the competent antitrust authorities.
The parties expect to receive these approvals and close the transaction before the end of the second quarter of 2018.
“ We want to thank the
As mentioned during our recent investor day, the
Our aim is to address better new customer needs and continue to leverage the Group’s key assets, namely its fleet management capabilities and its diversified customer reach, to position the Group successfully in the Mobility ecosystem in order to capture its double-digit growth prospects by 2025”.
Jörg Lamparter, Daimler’s Head of Mobility Services, stated:
“Over the course of the last several months, we have intensified our
investments in mobility services in order to create a holistic mobility
system with a broad portfolio. As part of this strategy, we decided to
fully acquire the remaining shares in car2go
We want to thank Europcar for their great support as we went from a car sharing start up to the leading car sharing company in the world”.
The group operates through multi brands meeting every customer specific needs: Europcar® - the European Leader in vehicle rental services, Goldcar® - Europe’s largest low-cost car rental company, InterRent® - value for money brand targeting leisure customers and Ubeeqo® - a European company specializing in fleet and mobility solutions for both the business and the end-customers market.
The Group delivers its mobility solutions worldwide through an extensive
network in 130 countries and territories (including 16 wholly-owned
Further details on our website:
Europcar / Press relations
Nathalie Poujol, +33 1 30 44 98 82
Europcar / Investor relations
Olivier Gernandt, +33 1 30 44 91 44
+33 1 86 21 51 56 / +33 1 86 21 50 38