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Avis Budget Group acquires its Avis licensee in Poland

Staff writer ▼ | November 18, 2015
Avis Budget Group has completed the acquisition of its licensee in Poland, which operates the Avis Car Rental brand at more than 50 locations including in Gdansk, Krakow and Warsaw.
Avis Budget Group
Acquisition   Poland is a growing market for travelers
"Poland is a growing market for both business and leisure travelers, and this tuck-in transaction will further expand our footprint of directly operated territories in Europe," said Ronald L. Nelson, chairman and chief executive officer.

The acquisition price was approximately $25 million, plus the cost of acquired fleet, and the acquired business is expected to add more than $20 million of annual revenue.