“By joining forces with Smart Diesel Group, a top provider of complete fueling and tax reimbursement solutions in Romania, DKV Mobility set out to consolidate its position on the market and expand its customer base in Eastern Europe,” the two parties said.

Arad-based Smart Diesel is a provider of fueling solutions and VAT and excise duty reimbursement services established by Romanian entrepreneurs Ovidiu Andries and Daniel Imbre a decade ago.

Smart Diesel ended last year with RON1.47 billion revenue and RON46.6 million net profit, Finance Ministry data show.

(English version by Loredana Fratila-Cristescu)