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Stellantis to buy car-sharing business of BMW, Mercedes – Expat Guide to Germany

US-European carmaker Stellantis mentioned Tuesday it has agreed to buy Share Now, a three way partnership between German giants BMW and Mercedes, steering it nearer in direction of its aim of turning into a world chief in automotive sharing.

Stellantis mentioned in an announcement that, pending the customary regulatory clearance, its personal car-sharing division, Free2move — which had lately acquired Opel Hire in Germany and Austria — would purchase Share Now for an undisclosed sum.

The proposed settlement would “further position Free2move as the leading global mobility player, adding 14 major European cities and 10,000 vehicles to Free2move’s existing car-sharing fleet of 2,500 vehicles,” the assertion mentioned.

The deal would additionally “add more than 3.4 million customers to (Free2move’s) two million users,” it mentioned.

“This acquisition will… accelerate our profitable growth. We are now a step closer to achieving our goal of expanding Free2move’s worldwide presence to 15 million active users by 2030,” mentioned Free2move chief government Brigitte Courtehoux.

Free2move mentioned it was additionally aiming to attain revenues of 700 million euros ($735 million) in 2025 after which of two.8 billion euros by 2030.

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