Carsharing: Free2move, a division of Stellantis, has completed the acquisition of Share Now | Photo credits: Free2move
PARIS (Agefi-Dow Jones)–The car manufacturer Stellantis announced on Monday that Free2move, its division specializing in new mobility, has completed the acquisition of the German car-sharing company Share Now.
This operation allows Free2move to extend its presence to 14 new European cities. “Share Now’s management team remains in place,” Stellantis said in a statement.
Share Now was a joint venture between Mercedes-Benz Mobility Group and BMW Group, born in 2019 from the merger of their respective car-sharing services, Car2go and DriveNow.
This takeover operation was announced in early May.
-Vincent Alsuar, Agefi-Dow Jones; 01 41 27 47 39; [email protected] ed: ECH
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July 18, 2022 10:34 ET (14:34 GMT)