Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million
Green Car Congress
JANUARY 2, 2013
In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs. The companies expect substantial synergies in fleet utilization. Source: Avis Budget.
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