City Car Club has acquired car rental rival WhizzGo for an undisclosed sum.
City Car Club has acquired car rental rival WhizzGo for an undisclosed sum.
The deal is expected to strengthen City Car Club’s London operations and expand the company’s reach to 15 UK cities with 500 cars and over 16,000 members. WhizzGo’s fleet will now be re-branded as City Car Club.
James Finlayson, CEO of City Car Club, said: ‘We were keen to acquire WhizzGo’s locations in key cities in the north of England, which will now enlarge our base for future expansion, and this dovetails perfectly with our strategy of growing our network both outside, as well as inside, of London.’
The number of new members joining City Car Club has increased during the recession as some motorists opt to rent rather than buy. The company saw an 80 per cent expansion in its membership in 2008 and a further 55 per cent growth in the first half of 2009. The turnover of the combined business is expected to approach £5 million.