Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 23.09.2019  
C(2019 ) 6926 final  
PUBLIC VERSION  
To the notifying part ies  
Subject : Case M. 9490 - VWFS /TUV SÜD  AS/FC/CarMob  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 29 August 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Volkswagen 
Financial  Services AG (“VWFS”, Germany) and TÜV SÜD Auto Service GmbH 
(“TUV SÜD AS”, Germany)  acquire  within the meaning of Article 3(1)(b)  and 3(4)  of 
the Merger Regulation  joint control of the whole of  FleetCompany GmbH (“FC”, 
Germany)  and Carmobility GmbH (“CarM ob”, Germany)  by way of  purchase of  
shares .3 
2. The business activities of the undertakings concerned are:  
— for VWFS : is a wholly -owned direct subsidiary of Volkswagen and offers 
dealers and customers financing, leasing, bank and insurance business  
services as well as  mobility solutions. It provides fleet management solutions 
exclusively through its wholly owned subsidiary Carmobility GmbH,   
 — for TÜV SÜD AS : is a provider of technical services, in particular of 
inspection and product certificatio n services,   
 — for FC: is a brand -neutral provider of fleet management services to business 
customers and is a ctive in more than 50 countries,   
 — for CarMob : is a brand -neutral provider of fleet management services to 
business customers only in Germany.   
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 300, 5.9.2019 , p. 21. 

2 3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) and 6  of the Commission Notice on a simplified procedure for 
treatment of certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the no tified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Cecili o MADERO VILLAREJO  
Acting Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .