TORONTO - Enterprise Holdings Inc. says it has agreed to buy Toronto-based Discount Car and Truck Rentals as the mobility space rapidly evolves. Discount CEO Jay Singer, whose parents founded the company in Hamilton in 1980, said that after rapid growth in recent years the company was looking for the next step. The company bought Toronto’s AutoShare in 2014 as one of numerous start-up acquisitions as it looks to take on new entrants. “Enterprise, I believe, is at the forefront of IT development, as they’re competing with all these upstarts and disruptors in the mobility space. Enterprise Holdings, which says it has annual revenues of US$25.9 billion, also owns the National and Alamo car rental brands and operates in 100 countries.

Source: thestar December 05, 2019 21:33 UTC