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Vehlo Acquires Rapid Recon and Velocity Automotive to Expand Dealership Fixed Ops Suite for Customers
Tuesday 24 January 2023

US software and financial solutions provider Vehlo, serving the automotive repair industry, has acquired US software providers Rapid Recon and Velocity Automotive, to extend Vehlo's Dealership Fixed Ops customer experience suite beyond the customer-pay side of dealer service operations, the company said.

Terms of the transactions were not disclosed.

Rapid Recon and Velocity are focussed on shortening time-to-line"for dealer pre-owned inventory by eliminating waste in reconditioning processes. They now.

Presidio Technology Partners served as the exclusive financial advisor for Rapid Recon. Cowen and company, LLC, served as the exclusive financial advisor to Velocity Automotive Solutions, LLC.

Vehlo is a software and financial solutions provider for the automotive repair industry, offering a product suite designed to facilitate the entire service lane experience for customers.
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Date Published: 24/01/2023

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