The plans MoneyMaxim have to transform the car rental price comparison market are exciting and I am glad that this acquisition will help them achieve those goals.
UK (PRWEB UK) 26 September 2014
Moneymaximiser Limited, the company behind leading car hire and car hire excess insurance comparison service moneymaxim.co.uk , have announced the recent acquisition of the CarhireX group of car hire websites.
CarhireX run a range of sites, primarily designed to focus on specific geographic locations or vehicle types which will, over the coming months, be adapted to offer similar industry leading solutions to those available from moneymaxim.
Moneymaxim is unique in the car hire market in that it offers users the opportunity to compare both car hire and car hire insurance in just one search, allowing customers to avoid significant additional upsell costs either at the rental desk, or when booking car rental through a broker.
This year it further developed its functionality, introducing filters which highlight cars where fuel purchase policies are cost neutral rather than in the car rental firms favour and those which offer free additional drivers. Recently it has started offering low cost sat nav and wireless internet rental to its users.
Mark Bower, Managing Director of Moneymaximiser said today: "We have seen steady growth in users of our core businesses looking for a better deal when it comes to car hire, and have been looking for ways to improve our visibility to potential car renters. Buying the more than 25 websites currently within the CarhireX.com portfolio will allow us to take a significant step down that route, bringing us established traffic and allowing us to identify car hirers looking for specific locations or car types.
It is an acquisition which has been financed from our company's capital reserves, and not through third-party financing, which ensures our customers are served free of influence from partners and suppliers. This fundamental principal of our company is a key reason our propositions are so competitive."
Stuart Lewis-Smith, founder of the CarHireX Group said: "This is the beginning of a new era for CarHireX Group. The plans MoneyMaxim have to transform the car rental price comparison market are exciting and I am glad that this acquisition will help them achieve those goals."
Moneymaxim plan to update all the sites it has acquired introducing it’s market leading technology over the coming months.
Principal websites within the acquisition include:
About MoneyMaxim: MoneyMaxim is an independent internet based comparison site offering clients leading negotiated rates for car hire and car hire excess insurance from a number of top brand names. MoneyMaxim’s unique search engine will do all the hard work, so users can save both on both car rental and excess insurance costs. Excess insurance prices are up to 90% lower than the prices charged for similar cover at Car Hire Desks.
Editor's Note: Issued by Marketing Decisions. Interviews can be arranged with Mark Bower, MoneyMaxim’s Managing Director.
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Tony Longstaff on 01628 474280
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