EC Approves Merger of BMW and Daimler Mobility Services

November 08, 2018 at 1:07 AM

The European Commission has approved a plan by BMW and Daimler to combine their car-sharing, ride-hailing, parking, electric car charging and integrated mobility booking services.

The scheme, confirmed by the two carmakers in March, would merge Daimler’s Car2Go businesses with BMW’s DriveNow services, along with several parking, EV charging and other services operated by the companies. Ownership in the new entity will be split 50:50.

Reuters reports that the companies won EC approval after agreeing to adjust their operations in six cities where the commission said the merger would otherwise raise competitive concerns with rival services. The concessions apply to Berlin, Cologne, Duesseldorf, Hamburg, Munich and Vienna.

The two car-sharing services operate a combined fleet of some 20,000 cars in 31 large cities in China, Europe and North America.