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AXA Winterthur and Tamedia are planning to offer joint products in the area of mobility

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AXA Winterthur and Swiss media group Tamedia have agreed to enter into a long term partnership to jointly offer new products for the Swiss motor market. AXA Winterthur will acquire a 50 percent interest in the online motor platform autoricardo.ch, part of Tamedia.

Zurich, 10 January 2018 – For most buyers, finding a suitable vehicle is a long process and involves countless questions. AXA Winterthur and Tamedia are joining forces, combining the capabilities of AXA Winterthur in the field of insurance, mobility and financing and Tamedia's know-how in classifieds and its market coverage, to stimulate the Swiss motor market with new concepts. In addition to new options concerning used cars, other services in the field of mobility will also be offered through this partnership. The two partners have agreed not to disclose details about the financial terms of the transaction.

 

With autoricardo.ch, Tamedia operates one of the leading motor portals in Switzerland. AXA Winterthur is the number one in the Swiss insurance market with comprehensive solutions in personal, property, liability and life insurance as well as in healthcare and occupational pension plans. The two companies intend to use their individual strengths to develop a forward-looking business model and offer innovative, up-to-date solutions relating to mobility. 

 

The transaction is subject to the approval of the Swiss Federal Competition Commission.

Contact

 

Tamedia

Christoph Zimmer, Head of Corporate Communications & Public Affairs, +41 44 248 41 35, [email protected]

 

AXA Winterthur

Media Relations, +41 58 215 22 22, [email protected]

 

About Tamedia

Tamedia is the leading private media group in Switzerland. The digital platforms, daily and weekly newspapers and magazines of Tamedia offer overview, classification and selection. The company was founded in 1893 and employs a staff of approximately 3,400 in Switzerland, Austria, Denmark, France, Germany, Israel, Luxembourg and Serbia. It has been traded at the Swiss stock exchange since 2000 (ISIN CH0011178255).  

 

About AXA Winterthur

More than two million customers trust AXA Winterthur. They rely on AXA's experience and advice in personal, property, liability and life insurance as well as occupational benefits insurance. The leading Swiss insurer is a dynamic organization with an ambitious vision: to create freedom for its customers over and above financial security and empower people to live a better life - using simple, digital processes and innovative products and services in important areas of life such as mobility, property and entrepreneurship. Over 4,000 employees and 2,500 advisors in 276 general agencies and agencies dedicate themselves to this vision day in, day out. AXA Winterthur is part of the AXA Group and generated gross written premiums of CHF 11 billion in 2016.

 

Further information for media representatives about Tamedia:

www.tamedia.ch/de/gruppe/newsroom 

 

Further information for media representatives about AXA Winterthur:

www.axa.ch/medien 

EXTERNAL LINK

Media release (PDF)