Related Article: Avis, Budget Acquire Brands in Scandinavia
Avis Budget Officially Acquires Maggiore Group
Avis has officially acquired Maggiore Group, one of Italy’s largest vehicle rental companies, for $160 million.
by Staff
April 10, 2015
Photo via Atomic Taco/Flickr.
1 min to read
Photo via Atomic Taco/Flickr.
Avis Budget Group has completed its previously announced acquisition of Maggiore Group, one of Italy’s largest vehicle rental companies.
Funded by incremental corporate borrowings and available cash, the net purchase price was approximately $160 million, according to the company.
Maggiore operates more than 140 locations in Italy, including in the major cities of Rome, Florence, Venice and Milan.
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