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PSA acquires TravelCar to strengthen presence in mobility services

The acquisition builds on PSA’s equity investment in the French start-up in 2016.

French automaker PSA has acquired TravelCar, a local start-up offering parking and car rental solutions, the company said in a press release on 7 February. TravelCar offers customers parking at 500,000 spots in 60 countries through 2,000 agency partners.

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