Helvetia acquires Mobile Garantie
Helvetia has acquired Mobile Garantie, a company offering a variety of extended warranty solutions in several countries across Europe. Helvetia has been a partner and investor since 2018.
The Hanover-based company has ~40 employees and it distributes extended warranty products through car dealerships and car manufacturers. This acquisition strengthens Helevetia’s embedded insurance business and gives it access to new customers.
“By acquiring Mobile Garantie, we are creating a basis for further profitable growth in embedded insurance. The seamless integration of insurances at the point of sale and thus having a presence everywhere there is a need for insurance is in line with Helvetia’s strategic ambitions. In this way, Helvetia is setting benchmarks in customer convenience and systematically tapping new business areas on an ongoing basis.” – Adrian Kollegger, head of Non-Life Switzerland at Helvetia.
“We are delighted that the acquisition by Helvetia secures the existence and strong further development of Mobile Garantie from both a strategic and financial perspective. This also creates considerable security for employees and for the location.” – Rainer Doerr and Marco Nagtegaal, managing directors of Mobile Garantie.