Through this acquisition, the Group extends its corporate network from 9 to 10 countries, benefiting from strong leisure flows coming from all its subsidiaries, and strengthens its mobility footprint with the acquisition of the car rental and car sharing activities.
Investec advised Europcar Ireland and its shareholders on this transaction.
Europcar Ireland has a long-established presence in Ireland and is a leading player in the Irish market. The company has 19 locations for both cars and vans, of which 5 are on airports, with an average fleet of c. 5,000 vehicles.It also owns the country's largest car-sharing programme, GoCar. In 2016, Europcar Ireland should generate revenues of approximately 50 million euros.