Mobilize Lease & Co (Mobilize Financial Services / Renault) Acquires MeinAuto and Mobility Concept Divisions from Hg
January 2, 2024
Mobilize Lease & Co, a subsidiary of Mobilize Financial Services (part of Renault Group), has acquired the MeinAuto and Mobility Concept divisions of MeinAuto Group from Hg. The sold businesses represent approximately €1 billion in fleet assets (about 50,000 vehicles) and ~250 employees; Hg will retain and build out the remaining Athletic Sport Sponsoring division as a standalone business.
- Buyers
- Mobilize Lease & Co, Mobilize Financial Services (part of Renault Group)
- Targets
- MeinAuto (MeinAuto.de), Mobility Concept (Mobility Concept GmbH)
- Sellers
- Hg
- Industry
- Automotive
- Location
- Germany
- Transaction Type
- Divestiture
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