International online travel services company Priceline.com has acquired online car rental agency TravelJigsaw. Terms of the deal were not disclosed. Priceline.com said it intends to retain TravelJigsaw’s current management team, who will maintain a minority ownership stake in the company and continue to manage TravelJigsaw’s operations.
Established in 2004, TravelJigsaw believes that it is the fastest growing online car rental agency in the world. It offers its car hire services in more than 4,000 locations in 80 countries in North America, South & Central America, Europe, Asia, Australia, the Caribbean, Africa and the Middle East. Customers using TravelJigsaw can book online through one of TravelJigsaw’s branded websites, or they can reserve their cars by phone.
“We believe that TravelJigsaw will be a valuable addition to our group of fast-growing international businesses,” said priceline.com President and Chief Executive Officer Jeffery H. Boyd. “TravelJigsaw has a strong management team with a growth strategy that complements our own, and we look forward to working with Greg Wills and his team.”
Location: UK, Manchester