BMW and Daimler allowed to merge on mobility services
After the approval of EU competition authorities, the US antitrust authorities have now also approved the merger of the mobility services of Daimler and BMW. This means that nothing stands in the way of the merger.
The planned merger should enable the automotive giants to form a joint venture that will allow both car-makers a sizable chunk of international car-related mobility services.
These will include car-sharing enterprises Car2Go and DriveNow, which currently operate 20,000 vehicles in 30 major international cities. The merger will cover parking services with ParkNow and Parkmobile Group/Parkmobile LLC. Parkmobile already reaches a total of more than 27 million customers in Europe and North America and offers digital parking solutions in over 1,100 cities.
With ride-hailing services, BMW and Daimler want to allow users to share rides through MyTaxi, Chauffeur Prive, Clever Taxi and Beat, the latter of which is currently only operating in South America, whereas the other services are available exclusively in Europe.
With the push for electrification this also means EV charging services with ChargeNow, Digital Charging Solutions, and Last but not least, the two companies don’t want to miss out on other forms of transport with multi-modality services Moovel and ReachNow.
The joint venture is planned to operate out of Berlin. The merger is to be completed at the end of January and the new company plans to announce the next steps during the first quarter of 2019.
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