Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go.

Daimler Mobility Services acquires the 25% stake in car2go Europe, German car rental and car-sharing company, from joint venture partner Europcar Group. The acquisition means that after the transaction, 100% of the car2go Europe shares will be in the hands of Daimler Mobility Services. Financial terms were not disclosed. In 2012, car2go Europe was created as a joint-venture, owned 75% by Daimler and 25% by Europcar. Today, car2go Group is present in Europe, North America, and China, and has more than 3m users worldwide. “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 Europe,” Jörg Lamparter Daimler’s Head of Mobility Services.