Avis Budget Group, today announced 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.
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.”
Terms of the transaction were not disclosed.