Avis Budget Group Further Expands Its Shared Services Center in Budapest,
PARSIPPANY, N.J., Oct. 15, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc.
(Nasdaq:CAR) has once again expanded its Business Support Center (BSC) in
Budapest, Hungary, which will now include operations and sales support
services for the Company's Europe, Middle East and Africa (EMEA) region. The
initiative, part of the Company's ongoing integration efforts following its
acquisition of Avis Europe plc in October 2011, further streamlines operations
across the region and adds approximately 150 new positions at the facility,
bringing the total number of employees to more than 700.
"We remain focused on reducing our fixed cost base and driving efficiency
throughout the region," said Larry De Shon, president, EMEA, Avis Budget
Group. "We are proud of the progress we've made in delivering acquisition
synergies and are confident that the Business Support Center will contribute
millions of dollars in annual savings by 2015."
Earlier this year, the BSC relocated to a larger facility in Budapest to
accommodate the additional services and to support the requirements of staff
with communication skills in ten different languages. The new location is a
state-of-the-art facility that also houses finance, administration,
information technology and customer-service functions. The building has
received Leadership in Energy and Environmental Design (LEED) Platinum
certification. This level of certification — the highest achievable —
indicates that the building is highly rated in five green-design categories,
including sustainable site, water efficiency, energy and atmosphere, materials
and resources and indoor environmental quality.
The BSC was established in January 2004, making Avis Budget one of the first
international companies to set up a regional service center in the country.
More recently, in March 2013, the Hungarian Investment and Trade Agency (HITA)
named Avis Budget Group "Business Expansion of the Year for Regional Centres."
The HITA awards, now in their second year, recognize organizations whose
investments contributed the most to the development of the Hungarian economy
and to increases in employment.
About Avis Budget Group
Avis Budget Group, Inc. is a leading global provider of vehicle rental
services, both through its Avis and Budget brands, which have more than 10,000
rental locations in approximately 175 countries around the world, and through
its Zipcar brand, which is the world's leading car sharing network, with more
than 810,000 members. Avis Budget Group operates most of its car rental
offices in North America, Europe and Australia directly, and operates
primarily through licensees in other parts of the world. Avis Budget Group has
approximately 30,000 employees and is headquartered in Parsippany, N.J. More
information is available at www.avisbudgetgroup.com.
CONTACT: Alice Pereira
Avis Budget Group, Inc. Logo
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