Fleet News

Acquisition creates world daily rental giant

ONE of the largest daily rental groups in the world has been created by the acquisition of National Car Rental by Republic Industries, which bought Alamo Rent-A-Car last year. National Car Rental has a fleet of around 100,000 vehicles run from 800 locations in the US and Canada; and this combines with Alamo's US fleet of 130,000 vehicles. Both companies will maintain their identities.

Republic will pay $600 million and assume $1.7 billion of debt for National Car Rental, following on from its $625 million acquisition of Alamo. In Europe, National Car Rental has a long standing marketing relationship with Europcar Interrent, and a spokesman for the US company said that was not going to change.

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