The sale did not include Walser Specialized Services, which provides acquisition services to car rental companies and commercial fleets.
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Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
Read More →Zipcar adds its 775,000 members worldwide to Avis Budget Group's network of more than 10,000 rental locations available globally from Avis and Budget.
Read More →After announcing the completion of $525 million in debt financing and receiving regulatory clearance in the UK, Avis and Zipcar expect to close the merger during the week of March 11.
Read More →Avis Budget Group and Zipcar announced on March 7 that Zipcar stockholders voted to approve the adoption of the merger agreement with Avis Budget Group.
Read More →The total transaction is valued at approximately $500 million and is expected to be completed in the spring of this year.
Read More →The boards of directors of the Priceline Group and KAYAK have unanimously approved the transaction, which is subject to customary closing conditions, but is expected to close by late first quarter of 2013.
Read More →Avis Budget Group will acquire Apex Car Rentals, including its fleet of 4,000 vehicles throughout New Zealand and Australia, for $29 million.
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In a new acquisition, Local Car and Van Rental Limited (LCRV) will operate the Green Motion UK Master Franchise via its subsidiary company Green Motion Car and Van Rental Limited.
Read More →The agreement with Ace is to purchase all aspects of the business, including its reservations and management systems, in order to form a ‘pure environmental’ car rental company.
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