Enterprise Expands in Corporate Travel With Deem Acquisition
Photo Credit: A photo of the Deem offices in San Francisco. Deem
Skift Take
The long saga of Deem looks to have come to an end. One has to wonder if the investors who shelled out to fund the company for the last 20 years will be happy with the return, though.
Enterprise Holdings, the privately owned car rental giant, will acquire corporate travel provider Deem, which has pivoted away from broader technology solutions in recent years to focus on ground transportation services. The value of the deal, which is expected to close in the first quarter of 2019, was not disclosed.
The two companies have partnered since 2011, with Deem powering the car rental company's booking platform for small- to medium-sized businesses. Enterprise took a minority stake in Deem in 2016, as well. Requests for interviews with both parties were not returned.
