Weko approves partnership between AXA Winterthur and Tamedia

The Swiss media group and the Swiss insurer agreed on a long-term partnership at the beginning of 2018 to develop new offers in the area of used cars as well as other services in the mobility sector. To this end, AXA Winterthur is taking a 50 percent stake in the vehicle platform Autoricardo.ch, which belongs to Tamedia (Werbewoche.ch reported).

Christoph Brand, Member of the Management Board and Head of Classifieds & Marketplaces at Tamedia, in a statement: "We are delighted that the Swiss Federal Competition Commission has approved our partnership with AXA Winterthur. This will allow us to break new ground together in the mobility sector and develop exciting services for customers."

Carola Wahl, Head of Transformation & Market Management at AXA Winterthur, is also pleased with the decision: "Opening up new business areas by building up the mobility ecosystem is one of the cornerstones of our Strategy 2020. By offering new services in the area of mobility, we not only want to defend our position with customers, but in particular to be present earlier in the value chain. The cooperation with a strong partner like Tamedia brings us a big step forward in this regard."