ST. LOUIS (AP) ? Enterprise Holdings says it?s acquiring I-GO CarSharing, a Chicago-based nonprofit car-sharing program.
The acquisition?s the latest example of traditional car-rental companies expanding into the car-sharing business.
The move comes after Avis Budget Group acquired car-sharing service Zipcar for $491.2 million. Fellow rental car company Hertz Global Holdings also operates a car-sharing service.
Financial terms of the deal, set to close today, weren?t disclosed.
IGO has more than 15,000 members and 200 locations across the city.
St. Louis-based Enterprise Holdings says IGO?s services will continue to operate under their current name. All of IGO?s current employees have been offered jobs.
? Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://stlouis.cbslocal.com/2013/05/28/enterprise-to-acquire-igo-carsharing-business/
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