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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., May. 23, 9:22 AM

Slide #2. ADESA, a business unit of KAR Auction Services DataScan Vehicle Inspection Business

Acquirer: ADESA, a business unit of KAR Auction Services (NYSE:KAR)
Acquiree: DataScan Vehicle Inspection Business
Details: ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced that its subsidiary, AutoVIN, has successfully completed the acquisition of the vehicle inspection business from DataScan Field Services, a JM Family Enterprises company. DataScan utilizes Internet-based technology to perform vehicle inspection services for major auto manufacturers, financial institutions, leasing companies and warranty companies.

KAR Auction Services is a holding company. Through its subsidiaries, Co. provides vehicle auction services in North America. Co.'s segments are ADESA Inc. Auctions, which provides online and physical auctions of vehicle as well as ancillary services such as inspections, storage, transportation, reconditioning, titling, and other services; Insurance Auto Auctions, Inc., which provides salvage auction services such as inbound transportation, titling and salvage recovery; and Automotive Finance Corporation, which provides short-term, inventory-secured financing, known as floorplan financing. As of Dec 31 2013, Co. had 65 whole car auction locations and 164 salvage auction locations.

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Company Name:  KAR Auction Services Inc.
Stock buyback:  KAR buyback
Website:  www.karauctionservices.com
Sector:  Auto Dealerships
Number of ETFs Holding KAR:  31
Total Market Value Held by ETFs:  $92.26M
Total Market Capitalization:  $5.34B
% of Market Cap. Held by ETFs:  1.73%
 

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May 23, 2015    9:22 AM Eastern
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