Parsippany-based Avis Budget Group Inc. announced Thursday that it has officially acquired Maggiore Group for approximately $160 million.
Maggiore, Italy's fourth-largest vehicle rental business, operates a network of more than 140 locations.
Avis is a global provider of vehicle rental services, both through its Avis and Budget brands. It has more than 10,000 rental locations in approximately 175 countries.
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