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RCI BANK AND SERVICES WINS THE TAKEOVER BID FOR THE START-UP KARHOO

  • On January 12th, RCI Bank and Services acquired a majority holding in Flit Technologies Ltd, the company that won the takeover bid for the start-up, Karhoo. Karhoo is the leading deal-comparison platform for taxi companies. As part of the liquidation process, a new company, Flit Technologies Ltd, was created and acquired the assets of Karhoo. 
  • Through the acquisition, RCI Bank and Services accesses a benchmark technological platform that it will be able to use as part of its activities for the brands of the Alliance.                         
  • The partnership is part of the development and innovation strategy of RCI Bank and Services. It underscores the company’s determination to design simple and attractive solutions that enable everyone to enjoy the benefits of automobility.
  • The Board of Directors will be chaired by Alice Altemaire, Vice-President, Accounting and Performance Control and a member of the RCI Bank and Services Executive Committee. The first Board meeting will be held in February.

Commenting, Gianluca De Ficchy, Chief Executive Officer of RCI Bank and Services, said: In 2016 we formed a range of partnerships to support our development strategy on automobility services and solutions for our customers. The acquisition of the start-up Karhoo appeared as a sudden opportunity that we did not want to miss and the acquisition was completed rapidly. We have met the highly-motivated teams, and I have every confidence in Karhoo’s business model; it is innovative and underpinned by a first-class technological platform. We will also be able to capitalize on this platform as part of our activities for the Alliance brands.

 

Press Contacts

RCI Banque

Sophie Guiot
+ 33(0) 1 76 88 86 44

sophie.guiot@rcibanque.com