mutares AG, Munich, has acquired the division SN CGVL of the French Star’s Service group on December 22, 2011. SN CGVL (Société Nouvelle Compagnie Générale de Voitures de Lyon) is an industrial vehicle and driver rental company in France. The company with headquarters in Lyon has achieved in 2011 a turnover of approximately EUR 40 million and has over 600 employees.
SN CGVL was already founded in 1906 and is very well established in the French market. Over the last years the company’s fleet has been continuously modernized through extensive investments.
With the sale of SN CGVL Star’s Service group refocuses on its core competence in the delivery over the “last mile”. Robin Laik, founder and member of the executive board of mutares AG, says about the future development of SN CGVL: “Due to the good customer relations and the high quality of service, we see significant growth potential for SN CGVL in the French market. mutares is happy about the successful closing of the contract.”