SIXT Van & Truck 12 Jan 2021

SIXT extends management board to include the new Van & Truck division and ramps up its international growth strategy

  • SIXT is girding up for growth again and focusing on significant market potential in the commercial vehicle and truck rental business
  • Daniel Marasch appointed to the management board for Van & Truck, brings extensive international expansion expertise to the company as former board member Countries International of Lidl trading company
  • Erich Sixt: “With the new Van & Truck management division, SIXT is creating the necessary entrepreneurial scope to focus on the division’s global expansion – on an equal footing with the successful mobility sector.”

Pullach, 12 January 2021 – As of 1 January 2021, the management board of Sixt SE will be extended by the new Van & Truck division and internationalisation expert Daniel Marasch will take his seat on the management board. SIXT is thus responding to the increasing importance of the Van & Truck product sector and is tapping into new potential as part of its international growth strategy. The global mobility provider estimates that the commercial vehicle and truck rental market in the USA and Europe alone is worth more than ten billion US-dollars. By creating the new management division, SIXT is girding up for growth again. Making the most of synergies with the car rental business, the company is paving the way for substantial and profitable growth in this new management division.

An experienced and efficient expert, 43-year-old Daniel Marasch has been appointed to the management board. As a former board member of the Lidl trading company, he brings extensive expertise in both international expansion and in setting up sustainable logistics and supply chains. When aged just 25, Marasch was appointed sales manager of Lidl Ireland, climbing the career ladder to become CEO Lidl Italy and CEO Lidl Germany. Later on, as board member Countries International of Lidl, he was largely responsible for the development of strategically important foreign markets.

Van & Truck rental market promises high growth potential

In recent years, SIXT has recorded steady, profitable growth in the Van & Truck sector, and in the German-speaking world, it has established itself as one of the leading rental companies for vans and trucks under 7.5 tons. SIXT identifies huge potential in this sector in the upcoming years, and given the booming online business, expects a continued rise in demand for commercial vehicles to deliver parcels. SIXT offers its logistics customers vehicles for this purpose with a high degree of flexibility. Depending on the period of use, a wide selection of brands can be hired flexibly at short notice from more than 800 Van & Truck stations worldwide.

In addition, SIXT aims to significantly improve the customer experience by seamlessly digitalising the Van & Truck rental business. With its ONE mobility platform and smart vehicle connectivity via telematics, SIXT is ahead of the curve and offers the ideal infrastructure to let customers enjoy fully digitalized and therefore highly flexible renting and use of vans and trucks in the future.

About SIXT
Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT app, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. In 2022, the Sixt Group achieved a record consolidated pre-tax earnings of EUR 550 million and a significant increase in consolidated revenues to EUR 3.07 billion.   Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).  

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