|February 11, 2008|
Hertz Completes Acquisition of BPA Franchise Locations In France
|Hertz Europe Ltd. has acquired six vehicle rental locations from its licensee, BPA, in France. Located in the south of France, BPA has operated a successful Hertz car and van rental franchise for over 11 years. All employees from the six BPA locations will transfer to Hertz France. |
The acquired BPA business had estimated revenues of £7 million in the year to 31st December 2007. Its territory covers an important and dynamic leisure market in France, and includes the airports and downtown areas of Carcassonne and Perpignan . Carcassonne has significant growth potential through the presence of Ryanair and is close to Toulouse, a major corporate city. Perpignan is located on the Mediterranean, close to the Spanish border and is on the route of the French rail network (TGV), which brings strong leisure business from Paris and the north of France.
Michel Taride, President, Hertz International, and Executive Vice President, Hertz Corporation, said: "The acquisition from BPA is an important step in the growth of Hertz France. The potential for growth of car and van rentals in the south of France in future years remains substantial, especially as Carcassonne airport has not yet reached its full passenger capacity. Carcassonne airport is the largest destination in France of our partner Ryanair, with major traffic from the UK. Perpignan is a major destination of Air France, another key airline partner of Hertz."
The world's largest general use car rental brand, Hertz is the only car rental company with corporate and licensee locations in Africa, Asia, Australia, Europe, Latin America and North America.