# BMW and Daimler agree to merge mobility services into joint venture

BMW and Daimler signed an agreement to merge their mobility services into a joint venture, with each owning a 50% stake. The agreement was announced on 28 March 2018 and is subject to regulatory approval.

- Type: Acquisition
- Announced: 2018-03-28
- Where: Germany
- Status: announced
- Products: mobility services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler](https://endata.com/companies/3543.md) (partner)
- [BMW](https://endata.com/companies/13009.md) (partner)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5244439/bmw-daimler-agree-to-merge-mobility-services), 2018-03-29: "BMW and Daimler have signed an agreement to merge their mobility services, the two Germany-based automakers announced in a joint press release on 28 March."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.