Daimler and BMW: Merger of Car2Go and DriveNow is perfect

03/22/2018

Daimler and BMW Fusion from Car2Go and DriveNow are perfect

Car2Go and DriveNow: Daimler and BMW each hold 50 percent of the new company, which is valued at more than one billion euros

The car companies Daimler Show stock market chart and BMW Show stock market chart are close to the merger of their mobility companies. Not only the car sharing providers Car2Go and DriveNow belonged to the joint venture, reports manager magazin in its new issue, which will be released on March 23rd.

BMW and Daimler Also bring in daughters such as the mobility service provider Moovel, the taxi service MyTaxi, the US offshoot ReachNow and the parking service ParkNow. DriveNow and Car2Go have so far combined to reach four million users; MyTaxi even has over eleven million customers registered.

The companies have been negotiating the merger for more than a year. Now, the boards have agreed on the details, it is said in circles of corporations.

BMW and Daimler each hold 50 percent of the shares. As soon as the antitrust authorities agree, the joint mobility provider will be launched. The company is settled in Berlin, say participants.

Above all, discussions about an adequate assessment would have delayed the negotiations at the end. The joint venture is now valued at well over € 1 billion. In the medium term, an IPO is conceivable.

More economy first-hand? The above text is just a minimal excerpt from the April issue of manager magazin. The new issue (and the next issue) you can here in the advantage offer to order. The digital edition is available here for you, from Friday is the print edition at the kiosk. subscribers we deliver the fresh manager magazin on Thursday in the mailbox or electronically. Or both.

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