Hertz Completes Acquisition of Donlen
PARK RIDGE, NJ - Hertz Global Holdings, Inc. announced that it completed its acquisition of Donlen Corporation ("Donlen"). Hertz said this transaction is part of the company's overall growth strategy to provide flexible transportation programs for corporate and general consumers.
In 2010 Donlen generated gross billings of approximately $920 million. Revenues were approximately $350 million, Hertz stated. The transaction is immediately accretive to Hertz's earnings and is EVA positive in year one.