Enterprise to Acquire I-GO CarSharing Business

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 This material may not be published, broadcast, rewritten or redistributed.


More From CBS St. Louis

KMOX Podcasts
As Heard On KMOX

Listen Live