Enterprise to Acquire I-GO CarSharing Business

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ST. LOUIS (AP) – Enterprise Holdings says it’s acquiring I-GO 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.

© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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