The US giant, which owns booking.com Agoda.com, intends to retain TravelJigsaw’s current management team.
“We believe that TravelJigsaw will be a valuable addition to our group of fast-growing international businesses,” said priceline.com President and Chief Executive Officer Jeffery H. Boyd.
“TravelJigsaw has a strong management team with a growth strategy that complements our own, and we look forward to working with Greg Wills and his team.”
“International car hire is a very attractive market and TravelJigsaw has established one of the premier brands in the field,” said Glenn Fogel, priceline.com’s Executive Vice President, Corporate Development.
“We are pleased that the TravelJigsaw management team has elected to retain an ownership stake in the company as we move forward together.”
Priceline’s gross bookings across all its businesses totalled $3 billion, it announced in a first quarter update earlier this month.