Company Holdings has closed its acquisition of Price cut Vehicle and Truck Rentals, a Canadian company serving prospects across the place.
All situations of closing have been content, which include receipt of a no motion letter from the Canadian Competition Bureau.
The acquisition consists of all of Discount’s company-owned places and the Quebec licensee’s everyday rental businesses.
Enterprise – which previously owns the Business Hire-A-Car, Countrywide Car or truck Rental and Alamo Lease A Car or truck makes – done the offer through its Canadian subsidiary.
A assertion mentioned the combination of the two businesses provides together the complementary strengths of two family-owned and privately held companies.
“We are excited about and encouraged by the lengthy-expression possibilities for diversification and innovation this acquisition brings,” reported Steven Tudela, senior vice president of Canadian functions for Company Holdings.
“Through a broader fleet of cars and trucks and vans of all measurements and an expanded portfolio of services – from airport company car rentals to neighbourhood leisure and going truck rentals – the acquisition permits us to greatly enhance our potential to meet up with the one of a kind mobility demands of Canadian buyers and provide extra successful support.”
Company Holdings operates additional than 600 airport and neighbourhood locations in Canada.
The mixed entity with Price reduction – which has about 300 locations across Canada – delivers prospects a greater and far more accessible fleet across the region.
“Our primary aim will be to proceed performing what is finest for personnel, customers and the company.
“We benefit the Discounted Vehicle and Truck Rentals staff and management crew and recognises their contribution to developing the company Discounted is now.
“We look forward to working with them on this integration,” Tudela concluded.