M&A Deal Summary

Volkswagen Financial Services AG, Volkswagen and Daimler Mobility Services Acquire heycar

On October 1, 2017, Volkswagen Financial Services AG, Volkswagen and Daimler Mobility Services acquired internet software and services company heycar

Acquisition Highlights
  • This is Volkswagen Financial Services AG’s 1st, Volkswagen’s 1st and Daimler Mobility Services’ 1st transaction in the Internet Software and Services sector.
  • This is Volkswagen Financial Services AG’s 2nd, Volkswagen’s 2nd and Daimler Mobility Services’ 2nd transaction in Germany.

M&A Deal Summary

Date 2017-10-01
Target heycar
Sector Internet Software and Services
Buyer(s) Volkswagen Financial Services AG
Volkswagen
Daimler Mobility Services
Deal Type Add-on Acquisition

Target

heycar

Berlin, Germany
heycar is an online platform offers quality used cars for sale in the European automotive industry. heycar was founded in 2017 and is based in Berlin, Germany.

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Buyer(S) 3

Buyer

Volkswagen Financial Services AG

Braunschweig, Germany

Category Company
Sector Financial Services
Employees11,756
DESCRIPTION

Volkswagen Financial Services AG is an automobile financial service provider in Europe.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 MAN Finance International

Munich, Germany

MAN Finance International GmbH is a provider of domestic and international financing, leasing, insurance and rental solutions for commercial vehicles from MAN Truck & Bus.

Buy -
Buyer

Volkswagen

Wolfsburg, Germany

Category Company
Founded 1937
Sector Automotive
Employees656,134
Revenue 324.7B EUR (2024)
DESCRIPTION
Volkswagen's North American headquarters in Herndon, Virginia.
Volkswagen's North American headquarters in Herndon, Virginia.

Volkswagen is a multinational automobile manufacturer that operates in four segments including power engineering, commercial vehicles, financial services, and passenger, cars. Volkswagen was founded in 1937 and is based in Wolfsburg, Germany.


DEAL STATS #
Overall 3 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Germany M&A 2 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Navistar International

Lisle, Illinois, United States

Navistar is a manufacturer of commercial trucks, diesel engines and parts, school and commercial buses, and automotive chassis. Navistar was formerly known as International Harvester. Navistar was founded in 1902 and is based in Lisle, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-28 AUDI

Ingolstadt, Germany

AUDI is a automobile manufacturer that designs, engineers, manufactures and distributes automobiles. AUDI was founded in 1909 and is based in Ingolstadt, Germany.

Buy $267M
Buyer
DESCRIPTION

Daimler Mobility Services GmbH provides financial services in Germany.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 BlackLane

Berlin, Germany

Blacklane GmbH, is a travel solution provider for premium transportation.

Buy -