Europcar Group has acquired its Irish franchisee, one of its biggest in terms of revenue.
The deal means the car rental group extends its corporate network from 9 to 10 countries.
Europcar Ireland has 19 locations for both cars and vans, of which five are on airports, with an average fleet of around 5,000 vehicles.
The company said in 2016 Europcar Ireland should generate revenues of approximately €50 million.
In addition to the car rental activities, the Group also acquires Europcar Ireland’s car-sharing service that was launched in 2012 under the brand GoCar.
GoCar operates a fleet of around 150 cars and vans throughout Dublin and Cork.
Caroline Parot, CEO of Europcar Group, said: "We are confident that Colm Menton, who will remain in the company, and his management team, will further accelerate the growth of Europcar Ireland.
"This is also a great opportunity for us to strengthen our leadership in our core European market. Finally, we are particularly pleased as this is not only the second major franchisee acquisition we announce since our IPO in June 2015 but also a promising investment into new mobility services".
