Daimler Financial Services acquires stake in fleet management software provider

Frederik De Witte (pictured), a co-founder of FleetMaster, said: “With the strategic investment of Daimler, we are enabling the further global expansion of our technology platform that supports the core back-end processes of major rental and lease companies, OEMs, dealers, automotive banks and alike.

“The minority investment along with the current diverse customer portfolio of leading companies in our target markets underpins our claim to brand neutrality.”

Hans Moertl, head of IT at Daimler Financial Services Europe, added: “With FleetMaster we have found a partner with a deep IT knowledge combined with an excellent experience in the rental business and the management of fleets. This partnership will allow us to extend the MB Rent business of Daimler Financial Services in Germany by creating a seamless customer experience. It will also strengthen our European Athlon Rent business for multi-brand fleets.”