Deal Snapshot
CARSARRIVE NETWORK ACQUIRES VEHICLE TRANSPORT BUSINESS OF DEPENDABLE AUTO SHIPPERS
Friday 19 May 2017

US-based auto auction operator KAR Auction Services, Inc.'s (NYSE: KAR) CarsArrive Network (CarsArrive) subsidiary has acquired the vehicle transportation business of Dependable Auto Shippers, the company said. CarsArrive is a fully automated used vehicle hauling solution with more than 2m vehicles delivered each year.
The addition of DAS will extend CarsArrive's transportation and logistics solutions into the growing consumer market segment. Online vehicle purchasing, particularly dealer-to-consumer transactions, has generated increased consumer demand for vehicle transportation and logistics services.


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Details
Date Published: 19/05/2017
Target: Dependable Auto Shippers
Country: USA
Sector: Motor Vehicles
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: KAR Auction Services/ CarsArrive Network
Comment:
Terms of the deal were not disclosed

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