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Dienstag, 20.12.2016 15:25 von GlobeNewswire | Aufrufe: 129

Avis Budget Group Completes Acquisition of France Cars

Mann mit Smartphone und Tablet (Symbolbild). © metamorworks / iStock / Getty Images Plus / Getty Images

PARSIPPANY, N.J., Dec. 20, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle rental services, announced today that it has completed its previously announced acquisition of France Cars, significantly expanding the Company's presence in the France vehicle rental market. Terms of the transaction were not disclosed.

"We are excited to complete the acquisition of France Cars," said Mark Servodidio, President, International, Avis Budget Group. "This acquisition makes us the second-largest light commercial vehicle fleet operator in France, while providing a strong presence in the French local market business." 

About Avis Budget Group
Avis Budget Group, Inc. is a leading global provider of vehicle rental services, both through its Avis and Budget brands, with more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in North America, Europe and Australia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. For more information, visit www.avisbudgetgroup.com

Contacts
Media Contact:
Alice Pereira
973-496-3916            
PR@avisbudget.com

Investor Contact:
Neal Goldner
973-496-5086
IR@avisbudget.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avis Budget Group, Inc. via Globenewswire


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