Priceline.com Acquires International Car Hire Service TravelJigsaw

Priceline.com announced Tuesday that it acquired Manchester, England-based TravelJigsaw LTD, a multinational car hire reservation service. Terms of the deal were not disclosed. Priceline.com said it intends to retain TravelJigsaw's current management team, who will maintain a minority ownership stake in the company and continue to manage TravelJigsaw's operations.

Established in 2004, TravelJigsaw offers its car hire services in more than 4,000 locations in 80 countries in North America, South and Central America, Europe, Asia, Australia, the Caribbean, Africa and the Middle East. Customer support is provided in 20 languages. Customers using TravelJigsaw can book online through one of TravelJigsaw's branded websites, or they can reserve their cars by phone. The company offers a full range of vehicles so international travelers are able to rent cars and vans they are familiar with at home.

"We believe that TravelJigsaw will be a valuable addition to our group of fast-growing international businesses," said priceline.com President and Chief Executive Officer Jeffery H. Boyd. "TravelJigsaw has a strong management team with a growth strategy that complements our own, and we look forward to working with Greg Wills and his team."

"International car hire is a very attractive market and TravelJigsaw has established one of the premier brands in the field," said Glenn Fogel, priceline.com's executive vice president of corporate development. "We are pleased that the TravelJigsaw management team has elected to retain an ownership stake in the company as we move forward together."

"TravelJigsaw is excited to become part of the Priceline group and will benefit from increased awareness for our brands and resources for our business," said TravelJigsaw's Managing Director Gregory Wills. "We also look forward to working with the teams at Booking.com, priceline.com and Agoda.com to strengthen our offerings and build distribution for our services."

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