Avis Budget Acquires Licensee in Poland

Photo via Flickr/Atomic Taco.
Photo via Flickr/Atomic Taco.

Avis Budget Group Inc. has completed the acquisition of its licensee in Poland, which operates the Avis Car Rental brand at more than 50 locations including in Gdansk, Krakow and Warsaw.

"Poland is a growing market for both business and leisure travelers, and this tuck-in transaction will further expand our footprint of directly operated territories in Europe," said Ronald L. Nelson, Avis Budget Group’s chairman and chief executive officer.

The acquisition price was approximately $25 million, plus the cost of acquired fleet. The acquired business is expected to add more than $20 million of annual revenue, according to Avis Budget.

Comments

  1. NH [ November 17, 2015 @ 01:12PM ]

    AVIS just bought this company . About same size as us.$25m

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.