Expedia Purchases Auto Escape Group

Online travel company Expedia Inc. has purchased Auto Escape Group — a European online car rental reservation company — from private equity fund Montefiore Investment and members of the Auto Escape Group’s management team.

Upon closing of the agreement, Auto Escape Group will become part of Expedia’s CarRentals.com brand. Other Expedia brands include Hotwire, Egencia and Hotels.com.

“We are excited to expand our CarRentals.com brand internationally so that we can provide our customers more choices across the globe and help our supply partners expand their marketing reach,” said Henrik Kjellberg, president of the Hotwire Group.

According to Expedia, the deal is expected to close during the third quarter of 2014, pending receipt of regulatory approval.

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.