Announced

Completed

Auto Trader completed the acquisition of AutoConvert completed the acquisition of £18.2m.

Synopsis

Auto Trader, the UK's largest digital automotive marketplace, completed the acquisition of AutoConvert, a finance, insurance and compliance software platform, completed the acquisition of £18.2m. "AutoConvert is an impressive platform that dramatically improves a retailer’s finance conversion and operations through automation. We will invest in AutoConvert’s technology solutions to drive growth of their products to enable more dealers to benefit. This acquisition provides us with a capability that will be critical as we work with our customers to support them to digitise their businesses and to move more of the car buying process online. We look forward to working with Paul and the team to make this happen," Nathan Coe, Auto Trader CEO.

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