Avis Budget Group Announces Completion Of Transaction to Operate Budget in Poland
- 11.04.2017 05:45 am
Today Avis Budget Group, Inc., a global leader in providing vehicle rental services, reported the completion of a transaction that will allow the Company to operate the Budget brand in Poland directly and to expand its presence in the Polish market. Prior to the transaction, the Budget brand had been operated in Poland by a third-party licensee since 1990. Avis Budget Group had previously acquired its Avis licensee in Poland in November 2015.
The transaction affirms Avis Budget Group's commitment to the fast-growing Central European markets, further increasing its ability to serve commercial and leisure customers there. The transaction will add more than 300 vehicles to the Avis Budget Group fleet and seven airport rental locations, including Warsaw, Krakow and Gdansk.
Mark Servodidio, President, International, Avis Budget Group, said, "We're excited to announce this transaction. Managing both the Avis and Budget operations in Poland will enable us to drive synergies in the business as well as accelerate the enhancements to the customer experience that our licensee partner has supported for a number of years."