.
MergerLinks Header Logo

Announced

Carsome Group to acquire a 51% stake in CarTimes.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Cross Border

Majority

Acquisition

Friendly

Pending

automotive solutions

Private

Singapore

Auto Services

Synopsis

Edit

Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, agreed to acquire a 51% stake in CarTimes, a Singapore-based automotive platform. Financial terms were not disclosed. "We are thrilled to announce the partnership with CarTimes, the team of which has over twenty years of experience in the auto industry. This partnership will enable us to deepen our footprint in the Singapore auto market, and augment our ability in bringing trust, choice and transparency to customers together," Eric Cheng, Carsome Co-founder and Group CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US