Avis Budget Group has acquired Turiscar Group, a well-established, family-owned, car rental company in Portugal.
The acquisition will see Avis Budget Group bring on board this leading organisation in Portugal with two distinct brands: Turiscar, a well-respected rental provider primarily in the corporate market, including light commercial vehicles; and a sister brand, Turisprime, focused on leisure and tourism business.
The acquisition adds approximately 3,000 vehicles to Avis Budget Group’s network in Portugal and is a key step in strengthening its commitment to the local market.
The acquisition closed Wednessay. Turiscar Group employees will now work under the leadership of Gianluca Testa, managing director of the southern region for Avis BudgetGroup. Terms of the transaction were not disclosed.