Europcar Group completes the acquisition of Buchbinder
Europcar Group, the European leader in vehicle rental services and a major player in mobility markets, concluded the acquisition of Buchbinder, one of the largest car rental companies in Germany, after receiving the agreement of antitrust authorities.
The acquisition of Buchbinder is a strategic step in the transformation of the Europcar Group and in its value creation ambitions. It will position the Group as a leader in Germany, the Group’s first market, especially on the Vans&Trucks business. Bunchbinder will also offer a strategic platform to source further into the large pool of German and Austrian travelers and to expand further in Eastern Europe.
“The finalization of the Buchbinder acquisition is a key milestone of our way towards our 2020 ambitions. We are pleased to welcome within the Group Konrad Altenbuchner and all his team and our priority now is to work jointly on the integration to make this acquisition a success for both our companies and to allow a strong value creation.” said Caroline Parot, CEO Europcar Group.