DriveAway has closed on an acquisition of globalCARS overnight.
DriveAway has announced the asset purchase of long time competitor globalCARS.
globalCARS provides car and motorhome hire, European car leasing and accommodation options to the independent traveller and its team will be transferred to DriveAway’s headquarters in North Sydney.
DriveAway Managing Director Chris Hamill said the acquisition provided “a niche opportunity to further improve the company’s position as the leading self-drive operator in Australia and New Zealand”.
More in tomorrow’s edition of Travel Daily.