To access this section
Need an access?
July 15, 2014
Europcar moves forward into new phase of development
On 13 November 2006, Europcar announced the signing of a major strategic agreement with Vanguard Car Rental Holdings LLC ("Vanguard"), one of the leading passenger and light utility vehicle rental companies in North America, operating under the National Car Rental and Alamo Rent A Car brands. Under this agreement, Europcar is acquiring Vanguard's European businesses ("Vanguard EMEA") for an enterprise value of 670 million euros, thereby becoming the leading rental operator in the United Kingdom and strengthening the N° 1 position it has held in Europe since 2003. In addition, Europcar and Vanguard have signed a transatlantic partnership agreement enabling Europcar to attain a leadership position on the worldwide car rental market and to offer its clients a premier network in North America.
On 6 November 2006, during the yearly World Travel Market in London, Europcar International CEO, Salvatore Catania, was presented with a prestigious World Travel Award for Car rental travel personality of the year at the World Travel Market in London.
Sustained growth in revenues, up 14.6 per cent in first half of 2006
In the first half of 2006, Europcars revenues increased by 14.6 per cent to 659 million. The business experienced significant momentum in all of its principle markets and in all segments. The number of rental days increased by 15 per cent and there was a 1 per cent growth in revenue per rental day
Europcar, the number one car rental company in Europe, is proud to announce that it has extended its long-term partnership with easyJet and will continue to provide Europes leading low-cost airline with a dedicated and tailored service through its comprehensive range of car rental services.
Europcar, the leading European car rental firm which is 100% owned by Eurazeo, today entered into an exclusive long-term partnership with Mazda Car Rental Corporation, one of Japans leading car rental companies.
The international car rental company Europcar will be significantly strengthening its commitment in the Middle East in the future. In order to give a further boost to customer service throughout the area, Europcar will shortly be opening a regional call centre that exclusively covers this area.
Eurazeo today announced it had finalised the acquisition of 100 per cent of the share capital of Europcar, Europe's leading car rental firm, from Volkswagen AG. The closing of this transaction comes further to authorisation from the relevant competition authorities in France, Germany and Italy.
Europcar, recently voted "Latin America's Leading Car Hire" company at the 2005 World Travel Awards, has opened 10 new stations as part of its continual network expansion strategy. The openings are in Argentina (Buenos Aires city and Posadas airport), Brasil (Natal airport, Rio de Janeiro city, Teresina airport and city), Mexico (Acapulco airport, Monterrey city, and Tuxtla airport) and Peru (Lima).
Europcar, recently voted "Europe's Leading Car Hire" company for the second time at the 2005 World Travel Awards, has opened 13 new stations in Finland in part of a network expansion following the purchase and merger of Europcar by High Point Oy (Pohjan Autovuokraamo Oy) in late 2005.
For the third year running, Europcar is a winner at the World Travel Awards this time in five different categories. This series of triumphs is a direct reflection and a fine confirmation of Europcars outstanding position in the car rental market.
Mr Ossi Dahlström, owner of the company Interrent Oy, which is the Finnish licence holder of Europcar-brand, the leading car rental company in Europe, has sold Interrent Oys shares to
High Point Oy. The terms of the contract are not being disclosed.
Ownership of the companys stock was transferred in a contract of sale concluded on 5 September 2005. High Point Oy is the property of Mr Jussi Holopainen and Mr Matti Holopainen, who are the second-generation owners of car hire company Pohjan Autovuokraamo Oy.
Europcar, the leading European car rental company, continued this week in its strategy to make reserving a car as simple as possible, with the opening of online reservation services in both Catalan and Estonian languages.