Under the terms of the agreement, Apex founder and chief executive Phil Lennon will continue to serv

The buyer will pay USD29m (EUR23m) in cash, plus the book value of Apex s rental fleet consisting of over 4,000 rental cars. The deal also includes potential earn-out payments, depending on Apex future financial performance.
The target, set up in 1992, operates through locations in New Zealand as well as in Australia, including locations serving New Zealand wingate inn new orleans airport s major airports. It is considered to be the largest independently owned car rental company wingate inn new orleans airport in New Zealand, the buyer said.
The deal is in line with the company s objective to widen its global wingate inn new orleans airport presence. Through the purchase, Apex will further enhance its existing position in Australia and New Zealand and will be able to better meet the vehicle rental needs in the region, wingate inn new orleans airport Avis Budget said.
Under the terms of the agreement, Apex founder and chief executive Phil Lennon will continue wingate inn new orleans airport to serve in the Apex management team after the completion of the deal, which is due in October, subject wingate inn new orleans airport to customary closing conditions.
Avis Budget, based in Parsippany, New Jersey, has 10,000 rental locations in some 175 countries around the world. It operates most of its car rental offices in North America, Europe, Australia and New Zealand directly, and operates its other international locations mainly through licensees.
Recent Comments Guerrilla Blog Dispatches – October 2, 2012 Guerrilla Blog on UK security firm G4S ignored warnings that could have prevented Iraq murders report The Hobby Goblin wingate inn new orleans airport on Shares in toy maker Hornby sharply down after profit warning Vinny smith | Premiervirtual on Quest shareholders support takeover by Dell UK Stocks Rally Most in Two Weeks; Barclays Advances Businessweek | Financial News on UK miner Xstrata accepts final deal from Glencore List Mama Online Gaming Group bwin.party Sells Poker Network Ongame To Amaya For TechCrunch on Online gaming firm Bwin disposes of Ongame in €25m deal