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Daimler AG Gobbles Up Another Mobile App Company

Latest acquisition folded into existing subsidiary.

by on Aug.10, 2017

Daimler AG acquired Familonet Gmbh as part of its expanding mobility efforts.

Daimler AG continues to expand its portfolio of mobility companies with the acquisition of Familonet Gmbh, a startup company from Hamburg, Germany, which has created an app with more than 2 million registered users.

Terms of the deal were not disclosed but the moovel Group, a subsidiary of Daimler AG, acquired 100% of Familonet. In addition, personnel from Familonet will become part of the moovel Group’s development team in Hamburg. Daimler noted it was interested not only in the firm’s registered in users, but also the talent behind firm’s app.

Tech News!

“The expertise and skills of Familonet are an ideal addition to the moovel development team at the Hamburg site. Both the geo-fencing technology and the team of developers with location expertise are a major win for moovel,” said Oliver Wahlen, chief technology officer of moovel Group. (more…)