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january 31, 2018 - BMW

DriveNow becomes wholly-owned subsidiary of BMW Group

BMW Group firmly focused on future mobility +++ Sixt will remain key partner for #BMW Group +++ DriveNow: over one million customers in 13 European cities

Munich. With the acquisition of Sixt SE’s stake in DriveNow, the #BMW Group continues its systematic development as a customer-centric mobility company. Today’s signing is subject to approval by antitrust authorities. With this move, the world’s leading provider of premium mobility is offering customers efficient, sustainable mobility solutions from a single source. The rapidly growing field of mobility services is one of the cornerstones of the #BMW Group’s #corporate strategy NUMBER ONE > NEXT, as evidenced by the #BMW Group expanding its offering in the areas of on-demand mobility (DriveNow and ReachNow), parking (ParkNow) and charging (ChargeNow) in a sustainable way. The acquisition of the Sixt shares is therefore the next logical step in this strategy, following the acquisition of Parkmobile LLC in early January of this year, a move which made the #BMW Group the world’s leading provider of digital parking solutions.