Cazoo, a UK based online car retailer, acquired Cluno, a German consumer car subscription platform, for an undisclosed amount.
The deal will enable Cazoo to launch its full proposition in Germany and across Europe.
Founded by Christina Polleti, Nico Polleti and Andreas Schuierer, Cluno offers an alternative to car ownership, offering a choice of up to 100 makes and models, with a single monthly subscription fee which includes the car, maintenance, service, warranty, tax and insurance.
The company has a team of over 100 based in Munich.
Now, Cazoo plans to launch its UK subscription service in the coming months.
Led by Alex Chesterman OBE, Founder & CEO, Cazoo owns and fully reconditions all its cars before offering them on its website. The company has thousands of cars available at any time for either delivery or collection in as little as 72 hours. Every car comes with a full 7-day money back guarantee and a comprehensive 90-day warranty. Cazoo has already delivered almost 20,000 cars to consumers across the UK.