Cazoo to acquire Vans365.

Cazoo, an online car retailer, agreed to acquire Vans365, an online commercial vehicle retailer. Financial terms were not disclosed. “The market for commercial vehicles is worth £16bn annually, with over 1 million vans sold each year in the UK, which expands our addressable market and is a natural product extension for us. The acquisition of Vans365 will accelerate our planned launch of buying and selling commercial vehicles online later this year and will enhance both our customer proposition and team and I look forward to welcoming the Vans365 team to Cazoo,” Alex Chesterman OBE, Cazoo Founder and CEO.