Adevinta to acquire Argus Group.

Adevinta, a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces, agreed to acquire Argus Group, the leading player in digital marketing services to the automotive industry in France. Financial terms were not disclosed. “We have said we will engage in M&A activity to strengthen our positions in markets where we are already leading, and we are following through on that commitment,” said Rolv Erik Ryssdal, CEO of Adevinta. “We have also seen strong growth in our key sectors in cars, jobs and property, and acquiring the Argus Group enhances our strong position in the French car market segment.”