Enterprise to Acquire IGO CarSharing Business
ST. LOUIS (AP) - Enterprise Holdings says it's acquiring IGO 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.