Hertz, Dollar Thrifty gearing up for tech integration in $1.2b merger
With Hertz announcing today that it intends to acquire Dollar Thrifty in a $1.2 billion cash-stock deal, the two companies will face some tech-integration pain.
Hertz, which would see its U.S. market share climb to 23% from its current 16%, has identified $180 million in synergies to be achieved within 18 months after the deal closes.
Some of the synergies would come from trimming overlapping IT systems and future capital spending, Hertz says.
Read the full story at http://www.tnooz.com/2010/04/26/news/hertz-dollar-thrifty-gearing-up-for-tech-integration-in-1-2b-merger/