M&A Activity • Sep 19, 2017
M&A Activity
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Europcar Group, the European leader in vehicle rental services and a major player in mobility markets, announces the acquisition of LOR'RENT through its French subsidiary. LOR'RENT is an important franchisee of Europcar France since 1980.
LOR'RENT is a well-established company in the Lorraine region, based in Lunéville with 8 branches located in the Vosges, Moselle and Meurthe et Moselle departments. LOR'RENT has a fleet of approximately 500 vehicles and registered a turnover of around € 4 million in 2016.
"We are delighted with this new acquisition as LOR'RENT has been a long term partner for Europcar France. After EuropHall and Locaroise, this new acquisition allows Europcar France to continue to optimize its network and to strengthen its direct presence in the Eastern part of France." stated Didier Fénix, Managing Director of Europcar France.
Europcar Group is listed on Euronext Paris. Europcar is the European leader in vehicle rental service and is also a major player in mobility markets. Active in more than 130 countries and territories, including nine subsidiaries in Europe and two in Australia and New Zealand, Europcar serves customers through an extensive vehicle rental network comprised of its wholly-owned subsidiaries as well as sites operated by franchisees and partners. The group operates mainly under the Europcar®, InterRent® and Ubeeqo® brands. Customer satisfaction is at the heart of the group's mission and all of its employees, this commitment fuels the continuous development of new services. The Europcar Lab, based in Paris, was created to better grasp tomorrow's mobility challenges through innovation and strategic investments, such as Ubeeqo, E-Car Club or Brunel.
Europcar / Press relations Nathalie Poujol / Marie-Anne Bénardais +33 1 30 44 98 82 [email protected]
Europcar / Investor relations Olivier Gernandt +33 1 30 44 91 44 [email protected]
[email protected] +33 1 86 21 51 56 or +33 1 86 21 50 38
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