KAR Auction Services completes CARWAVE Holdings acquisition.
Auto Business News-October 15, 2021--KAR Auction Services completes CARWAVE Holdings acquisition
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Auto Business News - 15 October 2021
KAR Auction Services Inc., d/b/a/ KAR Global (NYSE: KAR), a US-based company that operates digital marketplaces for wholesale used vehicles, has completed the acquisition of CARWAVE Holdings LLC.
The deal is valued at USD450m in cash.
Kar says that the acquisition builds on its fast growth in the dealer-to-dealer segment, accelerates profitability, positions the...
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