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New Deal


Announced

Free2move to acquire Share Now from Mercedes-Benz and BMW.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Mobility

Friendly

Cross Border

Pending

Germany

Single Bidder

carsharing platform

Acquisition

Synopsis

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Stellantis-backed Free2move, a mobility tech company, agreed to acquire Share Now, a German carsharing company, from automakers Mercedes-Benz and BMW. Financial terms were not disclosed. "Integrating Share Now’s strong position in major European cities will allow our customers to gain greater access to a wider range of services to satisfy their varied mobility needs. Equally important, this acquisition will also 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," Brigitte Courtehoux, Free2move CEO.

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