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Enterprise Rent-a-Car Germany strikes acquisition deal

Avis Budget Group has extended its partnership with IAG

Enterprise Rent-a-Car Germany has announced plans to acquire Bremen-based Caro Autovermietung GmbH.

The deal will create one of the largest car rental businesses in Germany.

The agreement, for an undisclosed sum, is subject to approval by the German Federal Cartel Office (Bundeskartellamt) and is expected to be closed in the coming weeks.

Enterprise said: “With the acquisition of CARO, Enterprise has underlined its long-term commitment to Germany and intention to expand its market position.”

Enterprise has more than 160 locations and more than 1,500 employees nationwide.

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