AXA Winterthur and Tamedia cooperate on vehicle platform

By combining AXA Winterthur's expertise in insurance, mobility and financing with Tamedia's classifieds know-how and reach, the Swiss vehicle market is to be revitalized with new offers. The companies have agreed on a long-term partnership which, in addition to offers in the used car sector, will also include other services in the mobility sector. The two partners have agreed not to disclose the financial terms of the transaction. The Swiss media group Tamedia operates autoricardo.ch, one of the leading portals for vehicles in Switzerland. AXA Winterthur is the number 1 in the Swiss insurance market with comprehensive solutions in personal, property, liability and life insurance as well as healthcare and occupational pensions. Together, the two companies intend to use their individual strengths to develop a forward-looking business model and offer innovative, contemporary mobility solutions.The transaction is still subject to approval by the Swiss Federal Competition Commission.