DKV Mobility has acquired all outstanding shares in PACE, a provider of mobile payment services at European fuel stations.

DKV Mobility had already announced the acquisition of a minority stake in PACE in 2020. The closing of the transaction is still subject to regulatory approvals.

DKV Mobility uses PACE's Connected Fueling platform for the seamless operation of its App&Go digital fuel card. With App&Go, customers can authorize fuel transactions directly at the pump without the need for a physical service card. The App&Go acceptance network currently includes around 8,000 service stations in 13 countries and is being continuously expanded.

Photo (left to right): Robin Schönbeck, Founder and Co-managing Director of PACE; Sebastian Klauke, CEO DKV Mobility; Philip Blatter, Founder and Co-managing Director of PACE (Photo: DKV Mobility).