The insurer AXA has acquired the successful Swiss fleet manager CarNet. AXA intends to gradually integrate CarNet Management into its subsidiary for mobility solutions AXA Mobility Services, after a transational phase. With this step, AMS is expanding its market position. The parties have agreed not to disclose the purchase price.
The transaction is expected to close in the next few months, subject to regulatory approvals and the satisfaction of other closing conditions.
Advestra acts as legal counsel to the sellers in this transaction. The team includes Sandro Fehlmann, Anna Capaul and Silvan Biedermann (all corporate/M&A).