Home Finance & Business Holmarcom expands into mobility with France Car takeover

Holmarcom expands into mobility with France Car takeover

Holmarcom expands into mobility with France Car takeover
Holmarcom expands into mobility with France Car takeover

Holmarcom is moving forward with its diversification plans, taking a significant step into the mobility sector by preparing to acquire full ownership of France Car, a vehicle rental company that operates under the well-known SIXT brand.

The deal involves purchasing 100% of the capital and voting rights of France Car SARL, a company headquartered in Casablanca and registered with the local trade authorities. Through its franchise agreement with the German rental giant SIXT, France Car has managed to carve out a solid position in Morocco’s highly competitive car rental market.

Holmarcom, also based in Casablanca, is a sprawling conglomerate with interests across a wide spectrum of industries including banking, insurance, agribusiness, retail, logistics, and real estate. The planned acquisition reflects the group’s strategic push to broaden its portfolio, signaling a growing commitment to expanding its footprint in transportation and mobility services.

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