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Announced

Completed

Cazoo completed the acquisition of Swipcar for €30m.

Synopsis

Cazoo, an online car retailer, completed the acquisition of Swipcar, a provider of car rental services intended to offer different cars on lease for flexible terms, for €30m ($33m). “Swipcar has built a market-leading car subscription marketplace in Spain adding hundreds of new customers every month. This deal will enable us to accelerate our launch plans in Spain and Italy, offering consumers the option of buying, selling, financing or subscribing to a car entirely online. I look forward to welcoming Julio and his team to Cazoo and to working with them to deliver the best experience to consumers looking for their next car in Europe," Alex Chesterman, Cazoo Founder & CEO.

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