A consortium led by Volkswagen has agreed to take over French car rental company Europcar.

The German car manufacturer, together with the Dutch car importer and mobility group Pon and the British asset manager Attestor, has more than 2.5 billion euros for the company.

The deal comes a day after Volkswagen increased its offer for Europcar.

Europcar rejected an earlier proposal of 2.2 billion euros.

With the acquisition, Volkswagen will acquire technology, knowledge and infrastructure of the rental company, among other things.

This is interesting for the group that in the future not only wants to make Volkswagens, Audis, Porsches or Skodas, but also wants to earn more money with mobility services.

Pon also wants to profile itself more and more as a provider of mobility services.

For example, the company owns 40 percent of Greenwheels, which offers shared cars in city centers in the Netherlands.

Europcar ran into financial difficulties at the end of last year.

Creditors then forgave more than 1 billion euros in debt and got their hands on the company in return.

Car rental companies suffered greatly from the corona crisis in 2020, because they are largely dependent on tourists who rent a car on holiday.

International travel was virtually impossible without urgent reason during the corona crisis.

Europcar was previously owned by Volkswagen.

The car manufacturer sold the rental company to investor Eurazeo in 2006.

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