E Automotive completed the acquisition of FastLane Auto Exchange.

E Automotive, a real-time dealer-to-dealer digital auction platform, completed the acquisition of FastLane Auto Exchange, an independent dealer-only automotive auction. Financial terms were not disclosed. "The acquisition of FastLane Auto Exchange uniquely strengthens our wholesale marketplace, EBlock, in both Canada and the US, allowing it to offer the only cross-border dealer to dealer digital auction platform with an end-to-end solution for cross-border buyers. FastLane's relentless focus on its clients' changing needs is demonstrated by its strong hold in the U.S. Midwest. The acquisition expands our platform and enhances the customer experience and services we can offer as we continue to develop innovative and streamlined auction solutions," Jason McClenahan, E INC President and CEO.