|July 23, 2007|
Hertz UK Acquires Autotravel Franchise
|Hertz (UK) Ltd. has announced the acquisition of the Autotravel Ltd vehicle rental business. Located in the North West of England, Autotravel has operated a successful Hertz car and van rental franchise for nearly 30 years. This investment increases the number of Hertz UK corporate locations by 26 percent. |
The Autotravel territory stretches from the East Midlands to Liverpool, covering two major conurbations including several large industrial cities and two airports - Liverpool (John Lennon) and Blackpool.
Michel Taride, President, Hertz Europe, says: "The acquisition from Autotravel is a major step in the growth of Hertz UK. Liverpool and Blackpool airports are fast growing due to the presence of low-cost airlines including our partner Ryanair. The Autotravel territory will also be a strong contributor to further growth of our successful van rental business."
Autotravel has operated a Hertz franchise since 1st June 1978, and achieved revenues of US$24.4 million in the year to September 2006.