M and A – Page 9713 – I wish I had more to offer

Didi Chuxing Launches Open Carsharing Platform

Photo courtesy of DiDi Didi Chuxing (DiDi) launched its carsharing platform, partnering with automakers, new energy transportation infrastructure operators, and after-sales service providers, to build an open new energy carsharing system for the future. The network of strategic partners now includes 12 top automakers including BAIC BJEV, BYD, Chang’an Automobile Group, Chery Automobile Group, Dongfeng… Continue reading Didi Chuxing Launches Open Carsharing Platform

Adesa-AFC Parent Acquires Stratim

KAR Auction Services, Inc. a global vehicle remarketing and technology solutions provider, announced the acquisition of mobility and fleet management software company Stratim. KAR owns Adesa auctions and Automotive Finance Corp. (AFC). Stratim co-founder Sean Behr, who spoke at the 2017 Fleet Forward Conference, assumes the role of Stratim’s president. The addition of Stratim supplements… Continue reading Adesa-AFC Parent Acquires Stratim

mytaxi announces new chief executive officer

09.

February 2018

Hamburg

Press Contact for this Press Release (1)

Florian Otto

Manager Global Corporate Communications Financial Services

florian.otto@daimler.com

Tel: +49 711 2574-5868

Fax: +49 (0) 711 2574-8211

Marc Berg joining as new CEO mytaxi has experienced tremendous growth (>300%) over the last 12 months Andrew Pinnington decides to step down as CEO after successful integration and expansion Pinnington will remain on board to ensure smooth transition to new leadership February 8, 2018, Hamburg: mytaxi announced today that Marc Berg will join as the new CEO, succeeding Andrew Pinnington with effect from April 16 this year.
mytaxi has seen tremendous growth over the past 18 months. In 2017 alone, mytaxi provided 75 million trips (+337%) and increased its active passengers to more than 11 million (+194%). During Pinnington’s tenure, the company grew from a local player in Germany to the European leader in ride hailing services through strategic acquisitions and dynamic growth.
Pinnington decided to step down as CEO after successfully merging Hailo, Clever Taxi and Beat into the mytaxi business, while simultaneously scaling the existing operations. Pinnington will remain in the business to ensure a smooth transition to his successor, Marc Berg.
Berg is currently the CEO, DACH of Klarna Group the leading provider of secured online payment services in Europe. He has held this position since 2016 and during his tenure, the company has seen dynamic growth in the DACH (Germany, Austria, Switzerland) region for which he is responsible. He was also responsible for executing strategic acquisitions while successfully building out the DACH organization. In addition to his banking and e-commerce background, Berg has held various senior leadership positions in other digital and fast-growing companies.
Stephan Unger, Chairman of the Supervisory Board and Daimler Financial Services Board Member: “I am happy to have found an experienced strategist and digital executive in Marc. I am confident that Marc will further build on the enormous growth the company has seen over the past year and to further shape the organization to become a global player in the mobility space.
At the same time, I sincerely thank Andrew for growing mytaxi into Europe’s largest ride hailing app and for his leadership as we merged several acquisitions into the mytaxi family. We respect Andrew’s decision and are grateful for his ongoing support as the leadership transitions to Marc at this exciting stage of the company’s development.”
Including Beat and Clever Taxi, mytaxi currently operates in 70 cities in Europe and South America and has more than 120,000 registered drivers. In 2018, it is focused on continuing its growth strategy in relation to cities, customers and drivers. mytaxi is a part of Daimler Mobility Services which is strategically focused on dynamic growth and creating a customer-centric, broad mobility eco-system.
About mytaxi: mytaxi was founded in June 2009 and was the world’s first taxi app that established a direct connection between a passenger and a taxi driver. With over 10 million downloads and 120,000 registered taxi drivers, mytaxi is the leading taxi e-hailing app in Europe.
Since September 2014, mytaxi is part of the Daimler Mobility Services GmbH (part of the Daimler Group). In July 2016, mytaxi announced the merger with Hailo, the leading taxi app in the UK and Ireland, an important step to become the leading taxi e-hailing app in Europe. In February 2017, mytaxi announced the acquisition of Beat (previously Taxibeat), the leading taxi app in Greece, available also in Peru and Chile. In June 2017, mytaxi announced the acquisition of Clever Taxi, the leading taxi app in Romania.
With more than 600 employees in the whole entity, mytaxi spans across UK, Germany, Ireland, Austria, Poland, Spain, Italy, Portugal and Sweden as well as Greece, Peru and Chile (with Beat) and Romania (with Clever Taxi). In total, it is available in over 70 cities of eleven European and two South American Countries. More information is available at: http://www.mytaxi.com/
Media Contact Dennis Heinert, Head of Communications at mytaxi
email: d.heinert@mytaxi.com
phone: +49 40 306068928

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Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute

UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute

Koolicar leaves for the West Indies

The car rental service between individuals will announce this February 12, 2018 the launch of its offer to Guadeloupe and Martinique. An unprecedented expansion in the sector. What better than a presentation of KoolicarGo under the snow to slip this information: Koolicar will establish in the French West Indies. More specifically, the rental service between… Continue reading Koolicar leaves for the West Indies

Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit

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Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

With this acquisition, Groupe PSA will be able to accelerate the rollout of its aftermarket offering in China by rapidly establishing its position in the market, which represents 130 million vehicles. Created more than 20 years ago, Jian Xin is currently the leading spare parts distributor in the Shanghai region. Every year, it sells more… Continue reading Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources

PARIS (Reuters) – Renault’s (RENA.PA) Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday – likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlos Ghosn. Bollore, currently chief competitive officer, had been vying with Mueller for promotion in the succession… Continue reading Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources

Singapore: ComfortDelGro expands UK footprint, buys over insurance JV

February 9, 2018 ComfortDelGro Corporation is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales for £13.4 million ($18.7 million). Additionally, it has bought over an insurance joint venture it launched in 2003. The acquisition of New Adventure Travel (NAT) Group in the UK was conducted through… Continue reading Singapore: ComfortDelGro expands UK footprint, buys over insurance JV