Avis Europe plc is a United Kingdom-based company which holds the licence to operate the two main vehicle rental brands of Avis Budget Group ( Avis Rent a Car System and Budget Rent a Car) in Europe, the Middle East and Africa as well as Asia in the case of Avis. In 2011 it was acquired by Avis Budget Group.

History

The company was an operating division of Avis Rent a Car until 1986, when it was spun out and listed on the London Stock Exchange. The firm was then acquired by a

consortium A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for ...

of Avis Group,

General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...

and

D'Ieteren D'Ieteren SA () is a company, based in Belgium that is engaged in automobile distribution and vehicle glass repair and replacement (VGRR). Activities D'Ieteren is a group of services to the motorist, founded in 1805. D'Ieteren Auto distrib ...

in 1989 before being listed on the LSE once more in 1997. While Avis and GM have sold their stakes in Avis Europe, D'Ieteren continued to hold a controlling 59.6% stake in the firm. In 2003, shortly after Budget was acquired by Avis's then-parent Cendant, Avis Europe also took over the rights to that brand in its operating regions (except Asia). In October 2011, Avis Europe was re-acquired by the brand's current parent company, Avis Budget Group, for US$1 billion.Avis Budget buys Avis Europe for $1 billion
AP, 3 October 2011

Senior management

Operations

The group's Avis-branded operations comprise over 2,900 offices in 112 countries across EMEA and Asia. Of these, franchisees operate by licence in 99 nations, while Avis Europe has directly owned and operated

subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...

in the remaining thirteen (mostly in Western Europe). The group has Budget-branded operations at over 900 sites in 66 countries across EMEA ( Avis Budget Group operates Budget in Asia). All of these are franchised except for those in Austria, Switzerland, France and the United Kingdom.

References

External links

Official WebsiteLuxury Car HiringLKW Rent WebsiteHumble Hire
{{Vehicle rental brands Car rental companies of the United Kingdom Retail companies established in 1986 Transport companies established in 1986 Companies based in Bracknell Avis Budget Group