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Cars Closes Acquisition Of The Accu-Trade Group, Adding Digital Vehicle Acquisition To The Cars Platform

Mar 01, 2022over 3 years ago

Acquiring Company

CARS

Acquired Company

The Accu-Trade Group

ChicagoPaymentsFinancial ServicesSoftwareCommerce And Shopping

Description

Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of digital solutions, has closed the acquisition of the Accu-Trade Group, which was announced last month. The Accu-Trade Group includes real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities and logistics technology.

Company Information

Company

CARS

Location

Chicago, Illinois, United States

About

In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share. CARS is a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions that connect car shoppers with sellers.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed