Avis Budget Group has acquired Portugal-based car rental company Turiscar Group.
The acquisition will see Avis Budget Group take on the company’s two brands – Turiscar, which operates mainly in the corporate market including light commercial vehicles, and Turisprime, which is focused on leisure and tourism. The deal adds approximately 3,000 vehicles to Avis Budget Group’s network in Portugal.
Turiscar Group employees will now work under the leadership of Gianluca Testa, MD of the Southern Region for Avis Budget Group.
Mark Servodidio, president, international at Avis Budget Group, commented: “We are delighted to announce our acquisition of Turiscar in Portugal and welcome its employees to the group. The offerings of both brands not only extend our Portuguese network, but also increase our ability to address the needs of a wide range of customers.
“Following the recent acquisitions of Morini in Italy and ACL in the UK, this acquisition marks another step in our international expansion strategy and demonstrates the pace and momentum in the region and we look forward to continuing this progress.”