Venture Capitalist CVC Takes 20% Stake in DKV
23rd November 2018
Venture capitalist CVC Capital Partners is to acquire a 20-percent stake in DKV Mobility Systems, the European transport and toll service provider, for an undisclosed sum. The family shareholders, who are currently the sole owners of the company, will remain majority shareholders with an 80-percent stake following the closing of the transaction. It is subject to the customary approval process by the relevant regulatory authorities, though closing is expected in the first quarter of 2019.
DKV is a European leader in cash-free services en route for commercial goods and passenger transportation, toll and further mobility services. To its 170,000 customers in more than 40 European countries, the company offers the industry’s largest supply network with more than 72,000 acceptance points. Throughout Europe, DKV generated sales of 7.2 billion Euros in 2017 and its workforce consists of about 1,000 employees. Since its incorporation in 1934, DKV has become a leading, award-winning mobility services provider with over 3.1 million fuel cards and on-board units in circulation.