Rental firm Europcar fetches €26m

The Irish franchisee of car and van rental firm Europcar has been acquired by its parent group for an estimated €26m. Since its Paris flotation last year the French rental group has targeted the purchase of its better-performing franchisees with a reported war-chest of around €500m available.

The company is active in 10 countries across Europe.

With estimated revenues of €50m, Europcar Ireland is viewed as one of the group’s leading franchised operations.