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Synopsis
AutoNation, an automotive retailer, completed the acquisition of RepairSmith, a full-service mobile solution for automotive repair and maintenance, for $190m. "Apart from the important outcome of adding over 400 talented and dynamic team members, the acquisition of RepairSmith represents a unique opportunity for us across many aspects of the automotive value chain. We have over 11m Customers with different and diverse After-Sales needs. RepairSmith will add additional Customer-centric and convenient repair and service options for our Customers - further improving our penetration and loyalty." Mike Manley, AutoNation CEO.
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