Daimler acquires majority stake in French Uber rival
Daimler has acquired a majority stake in French Uber rival Chauffeur Privé, with a view to fully acquiring it by 2019.
Terms of the deal – which is still subject to regulatory approval – have not been disclosed but Daimler now controls more than 50% of the company, which was founded in 2011 and has more than 1.5 million customers and 18,000 drivers covering Paris, Lyon and at the Côte d’Azur.
Daimler already runs a number of firms under its Mobility Services division including its Car2go carsharing division, the mytaxi app and the Moovel mobility platform.
Klaus Entenmann, CEO, Daimler Financial Services AG, said: “With this step, we continue to dynamically expand our portfolio and presence in Europe and solidify our leading position in multi-modal mobility services. We have found an excellent partner for France with Chauffeur Privé whose ability to deliver mobility at your fingertips ideally complements our current portfolio and approach.”