Maske Group has been acquired by Hitachi Capital Corporation
MMG Invest GmbH has sold Maske Group, a car rental company, to Hitachi Capital Corporation. Financial details have not been disclosed.
Maske Group is a provider of long-term car rental solutions. The company's fleet consists of more than 9,500 cars and is mainly focused on light industrial vehicles and passenger cars for B2B clients. The group is headquartered in Northern Germany and operates eleven service workshops throughout Germany and one in Austria. Maske Group generates annual sales revenues of about US$85 million.
Hitachi Capital Corporation is a globally positioned financial services provider. The group's business was already present in numerous European countries. With this acquisition, Hitachi expands its European vehicle solutions activities and becomes a market leading player in the DACH region.
Oaklins' team in Germany acted as the exclusive sell-side advisor, running a structured international sale process.
Andreas Maske
Shareholder, Maske Group
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