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Daimler: buys French limousine ride service company.

(CercleFinance.com) - Daimler said on Thursday that it has agreed to take a majority stake in Chauffeur Privé, a French start-up which offers clients private rides in limousines.

The German carmaker said its Daimler Mobility Services unit now controls over 50% of the firm and intends to acquire the rest of Chauffeur Privé by 2019.

While the financial details surrounding the deal were not disclosed, Chauffeur Privé has over1.5 million clients and 18,000 drivers, and is present in Paris, Lyon and on the French Riviera, Daimler said.

With the investment in Chauffeur Privé, Daimler has an operational presence in 15 European mobility service markets.

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