Creation of Crédit Agricole Mobility Care Services, the joint venture of Crédit Agricole Consumer Finance and Opteven

• After announcing a draft strategic agreement at the IAA in Munich in September 2023, Crédit Agricole Consumer Finance and Opteven, the European leader in service contracts and mobility, are finalizing the creation of a 50-50 joint venture between the two companies, called Crédit Agricole Mobility Care Services.

• This new structure allows Consumer Finance to offer, through all its networks in Europe, a warranty extension and maintenance contract offer, developed by Opteven, to its individual and professional customers.

• For its part, Opteven is relying on this joint venture to strengthen its international development strategy and consolidate its position as a leader in mobility service contracts.

• The creation of this JV is also part of the mobility continuum built by Consumer Finance supports its ambition to become a leader in green mobility in Europe.
  

Crédit Agricole Consumer Finance and Opteven strengthen their European strategic agreement
Opteven and Crédit Agricole Consumer Finance announce the creation of a joint venture specializing in car warranty and maintenance contracts, in which the two partners each hold 50% of the capital. 

This joint venture, called Crédit Agricole Mobility Care Services, is responsible for leading and developing the partnership between Consumer Finance and Opteven in the countries currently covered by Opteven. It is also in charge of coordinating the efforts of the two partners to develop products adapted to electrified vehicles in order to facilitate their appropriation.

The solutions developed by Opteven – manufacturer warranty extension, traction battery warranty extension, dealer warranty, maintenance – should gradually be distributed to the other countries where the Crédit Agricole Consumer Finance group operates via:
·Auto Bank;
· Drivalia;
· Agilauto in France;
· Universal subsidiaries (Agos in Italy, Creditplus in Germany, Sofinco in Spain and Credibom in Portugal).
· And they can also be used by Leasys in certain countries, in agreement with the co-shareholder of this company: Stellantis.

Services : a major part of Crédit Agricole Consumer Finance’s automotive and mobility strategy
This transaction is fully in line with Consumer Finance’s strategy to develop its Crédit Agricole Mobility Services offering to meet the needs of all customers in the rental and mobility financing market. This strategic pillar serves Crédit Agricole Consumer Finance’s ambition to become a leader in green mobility in Europe and is the basis for building a mobility continuum. 

The creation of a 50-50 joint venture between our two entities illustrates the privileged partnership we are building with Opteven, which is part of our ambition to become a leader in green mobility in Europe. This structure is an important development lever and we will gradually offer guarantee solutions in all our markets. It is also a centerpiece of Mobility Services, the catalog of services that we enrich to support our customers and offer reinsurance guarantees to those who are moving towards electric mobility.

Stéphane PRIAMI

Chief Executive Officer of Crédit Agricole Consumer Finance

Crédit Agricole Consumer Finance press service : Claire Garcia – +33 (0)1 87 38 11 81 – presse@ca-cf.fr

Opteven press service : Marion Nedjar – +33 (0)6 52 88 35 17 – marion.nedjar@bellenouvelle.fr