Press release
1MB
maggio 03, 2022 - Free 2 Move
Free2Move reinforces its worldwide leadership in mobility business by acquiring Share Now
Comunicato Stampa disponibile solo in lingua originale.
- A strategic step towards Stellantis Dare Forward 2030 goal of growing its profitable #mobility service
- Share Now acquisition will position #free2move as the car-sharing leader, adding 14 new European cities to Free2move’s 7 existing #mobility hubs in the United States and Europe and enhancing technologic expertise to exceed customers’ expectations
- Free2move is already a key market #mobility player for B2B and B2C customers with a fleet of more than 450,000 cars offering rental, car sharing and subscription services, 500,000 parking places and a network of 250,000 charging stations
- Free2move provides a 360° seamless customer experience − #mobility by the minute, hour, day or month
- Free2move will add more than 3.4 million customers to its 2 million users
AMSTERDAM, May 3, 2022 – #free2move announced today it has signed an #agreement to acquire car sharing company #sharenow, a joint venture formed by Mercedes-Benz #mobility Group and BMW Group in 2019. This proposed #agreement further positions #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.
In the demanding world of #mobility, where users seek to optimize every minute, time is precious. Moving a customer is a great responsibility. #free2move has designed an innovative #mobility service model that adapts to its customers. This solution, already operational in the United States and Europe, allows a customer to take a car for a few minutes or a few hours. If a customer would like the vehicle longer, they are able to keep the same car without changing the contract − #free2move pricing adjusts automatically.
“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,” said #brigittecourtehoux, #free2move CEO. “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.”
Leveraging Free2moves’ financial discipline and ability to manage a profitable business, this acquisition will further enhance its economies of scale and synergies, contributing to its Dare Forward 2030 ambition of growing the profitable #mobility service to net revenues of €2.8 billion with a first step of €700 million revenues in 2025.
Free2move recently announced the acquisition of Opel Rent, accelerating its growth strategy in Germany and Austria and pushing the transition from rent to #mobility provider. Meanwhile, it has accelerated its car-sharing expansion in the United States, with service now available in Washington, D.C., Portland, Oregon, Denver, Colorado, Columbus, Ohio and Austin, Texas. #free2move also operates car sharing in Europe (Paris and Madrid).
Completion of the acquisition is subject to customary closing conditions, including the satisfaction of antitrust requirements.
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