Enterprise Rent-A-Car and Europcar Expand Strategic Alliance To Create the World's Largest Car Rental Network
Partnership Expands Transatlantic Alliance Established in 2006 Between Europcar and National Car Rental and Alamo Rent A Car
ST. LOUIS--(BUSINESS WIRE)--Enterprise Rent-A-Car, North America's largest car rental company, and Europcar, the number one car rental company in Europe, today announced they have enhanced their strategic alliance to include the Enterprise brand in North America, as well as the National Car Rental and Alamo Rent A Car brands that previously constituted the transatlantic partnership.
Enterprise and Europcar have been working to formally expand the alliance ever since Enterprise's purchase of the National and Alamo brands in North America in August 2007. With the addition to the new partnership of the Enterprise brand in North America, the alliance now offers a combined fleet of more than 1.2 million rental vehicles in more than 13,000 locations in 162 countries. The newly expanded partnership constitutes the largest car rental network in the world.
The expanded alliance provides rental car coverage for customers traveling between each partner company's areas of operations. Under the terms of the agreement, the partners will also take a coordinated approach to global corporate accounts, offering today's companies and organizations the most extensive service provider network in the rental car industry anywhere in the world, complete with coordinated loyalty programs. The alliance is designed to leverage and develop traffic between North America and Europe: each year an estimated 12 million people travel across the Atlantic in either direction.
Andrew C. Taylor, Enterprise Rent-A-Car chairman and chief executive officer, and Gilbert Saada, chairman of Europcar Groupe, said, "This alliance is a key strategic milestone in the development plan for our two companies. Enterprise Rent-A-Car and Europcar have become the leaders in their respective markets by being close to clients and focusing on customer service. We expect clients around the world to benefit from our shared values and vision, and we look forward to working together to set the standard in the global car rental industry."
About Enterprise Rent-A-Car
Founded in 1957 and headquartered in St. Louis, MO, Enterprise operates more than 1 million vehicles, has a network of more than 8,000 rental locations and revenues of nearly $13 billion. The company owns Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car. Other business lines also include Enterprise Fleet Management, Enterprise Commercial Truck Rental and Enterprise Car Sales. For more information about Enterprise, visit www.enterprise.com.
Owned by the French private equity firm Eurazeo, Europcar is the European leader in passenger car and light utility vehicle rentals. Its network comprises over 5,300 rental outlets in 160 countries. Europcar serves business and leisure customers throughout Europe, Africa, the Middle East, Latin America and the Asia-Pacific region. Excluding franchise operations, in 2007 Europcar signed more than 10 million rental contracts, with 7,700 employees and a fleet exceeding 215,000 vehicles. For more information: www.europcar.com.
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances