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In its next strategic step toward electric-only product lines, Mercedes-Benz is taking an 33% equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules.
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LeasePlan has completed divestment of 100% of its shares in LeasePlan Australia Ltd and LeasePlan New Zealand Ltd to SG Fleet for a cash consideration of AUD $273 million and a 13% equity interest in SG Fleet.
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Hitachi Capital Fleet Solutions is rebranding and will be known as Novuna Vehicle Solutions. The leasing company, ranked inside the top 10 for fleet size in the UK with over 95,000 vehicles on its fleet, will be renamed by April 2022. Parent company Hitachi Capital (UK) PLC will also change its legal name to Mitsubishi HC Capital UK PLC.
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The online car retailer Cazoo, fresh from its listing on the New York stock exchange and acquisition of Cazana, has now purchased SMH Fleet Solutions for £70m cash. SMH Fleet Solutions processes 70,000 vehicle refurbishments each year in the U.K.
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LeasePlan, a global car‐as‐a‐service company, has completed divestment of 100% of its shares in LeasePlan Australia Ltd and LeasePlan New Zealand Ltd to SG Fleet for a cash consideration of AUD $273 million and a 13% equity interest in SG Fleet.
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Cox Automotive Mobility has announced that it has acquired Spiers New Technologies, a provider of EV battery life lifecycle management, for an undisclosed sum, September 01, 2021. A
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Cazoo, which just recently launched on the New York Stock Exchange (August 27, 2021), has acquired European data insight company Cazana for £25m ($34.5m) cash.
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Ideanomics has entered into an agreement to acquire VIA Motors International, Inc. in an all-stock transaction for a 100% ownership stake,
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Bridgestone, along with other shareholders, will purchase the Azuga fleet management platform for $391 million.
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Solera Holdings, Inc. announced on June 2, 202, that it has acquired eDriving, a global digital driver risk management service provider. eDriving complements Solera’s existing fleet assets including the recently-announced pending strategic acquisition of Omnitracs, which includes its SmartDrive business,
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