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Hertz Acquires French Equipment Rental Company - Cogeloc

PRNewswire
PARK RIDGE, N.J.
Jan 17, 2001

The Hertz Corporation , has acquired Cogeloc SA, an equipment rental company operating from six locations in the Lyon-Burgundy area of Southern France. The acquisition is part of Hertz Equipment Rental's expansion of its European business.

Cogeloc SA was established in 1992 and has developed an extensive customer base focussed on the construction and building industries. The terms of the acquisition by Hertz Equipment France SA. were undisclosed.

Eventually, Cogeloc will be re-branded and integrated into Hertz Equipement France.

"This acquisition enhances the customer base of Hertz Equipment Rental and reinforces its leadership position in an important area of France," said Olivier Guiraud, General Manager of Hertz Equipment Rental France.

Hertz is the second largest equipment rental company in France and the only national equipment rental company in Spain. Hertz now operates from 101 equipment rental locations in Europe and more than 290 locations in North America. Hertz is also the world's largest car rental company, operating from approximately 6,500 locations in more than 140 countries.

SOURCE: The Hertz Corporation

Contact: Paula R. Stifter of Hertz Corporation, 201-307-2824

Company News On-Call: http://www.prnewswire.com/comp/406850.html or fax,
800-758-5804, ext. 406850