Free2move will add 14 European cities and 10,000 vehicles to its 2,500-strong car sharing fleet with the acquisition of Share Now.
It has announced today that it plans to buy the company, which was formed from a joint venture by Mercedes-Benz Mobility Group and BMW Group in 2019.
The company says the deal “further positions Free2move as the leading global mobility player”.
Free2Move offers a service in the US and across Europe which 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. Pricing is adjusted 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 Brigitte Courtehoux, 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.”
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.
Completion of the acquisition is subject to customary closing conditions, including the satisfaction of antitrust requirements.