Acquisition
January 22 2004 - 2:00AM
UK Regulatory
RNS Number:4986U
Helphire Group PLC
22 January 2004
Date: 22 January 2004
Contacts: Michael Symons/Mark Jackson
Helphire Group plc 01225 321 000
Chris Steele 07979 604 687
Holborn 020 7929 5599
chris.steele@holbornpr.co.uk
Helphire Group plc
Acquisition of Business
Helphire Group plc ('Helphire') is pleased to announce that it has agreed to
offer an ongoing service to the customer referred business of Centrus Ltd ('
Centrus') and it's legal expense insurance product, 'Safeguard'. Centrus is a
non-fault accident management company based in Manchester and is wholly owned by
Avis Europe plc ('Avis Europe').
Helphire has also agreed that Avis will become the principal supplier of hire
vehicles to Helphire where hire cases are not satisfied through Helphire's own
fleet. This is a re-establishment of a similar relationship, which existed
until 1999 when Avis Europe acquired Centrus (formally '3 Arrows Ltd').
Helphire anticipates the volume of business is likely to be of the order of two
to three hundred cases per month.
Michael J Symons (Executive Chairman), commenting on the deal said, "We are
delighted to be recommencing a working relationship with Avis. Centrus clients
can be assured that service levels will be maintained as a result of this
arrangement."
Michael J Symons
Executive Chairman
- Ends -
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