ACV to acquire Monk.

ACV, a digital automotive marketplace and data services partner for dealers and commercial partners, agreed to acquire Monk, an international artificial intelligence solutions company that automates vehicle damage detection. Financial terms were not disclosed. "We are focused on our mission to help our Dealer and Commercial partners acquire vehicles in the most transparent and efficient manner. Monk’s AI-enabled self-inspection capabilities offer a powerful platform that is already live with initial customers in Europe. Dealers and Commercial partners have the marketing resources and expertise to acquire consumers, but they need world-class technologies. ACV’s continued investments in technology make us the perfect partner. We could not be more proud to welcome Monk’s talented and passionate teammates to the ACV Team," George Chamoun, ACV CEO.