Enterprise Rent-A-Car Canada, the Nova Scotia-based subsidiary of Enterprise Holdings, has bought car-sharing network AutoShare.
AutoShare, a car-sharing network that began in Toronto in 1998 and now has 12,000 members, will continue to operate under its current brand and be managed from Toronto.
No financial details of the purchase were disclosed.
In the car-sharing network, members can rent a vehicle from nearby neighbourhood lots throughout the GTA, booking online with little or no advanced notice. They gain access to the cars with an electronic card.
AutoShare announced the deal to its members Wednesday, saying it soon would debut a new, more fuel-efficient fleet of vehicles.
Enterprise Holdings, through its regional subsidiaries, operates the flagship Enterprise Rent-A-Car brand as well as the National Car Rental and Alamo Rent A Car brands. It also operates Enterprise CarShare, a car-sharing system that is offered on 75 university campuses and business campuses in the U.S.
Kevin McLaughlin, founder and president of AutoShare, said Enterprise had proven it could provide “affordable, accessible and sustainable transportation options.”
He said Enterprise’s car rental network would play a role in providing options for AutoShare members for "an hour, a day, a week or longer."