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Announced

CDK Global to acquire Computerized Vehicle Registration.

Synopsis

CDK Global, a automotive retail software provider, agreed to acquire Computerized Vehicle Registration, a certified electronic vehicle registration services provider. Financial terms were not disclosed. “CVR has successfully helped automotive dealers and other entities process millions of vehicle transfers and DMV inquiries annually and streamlined the car-buying process. We believe full ownership of CVR allows us to make further investments in support of the business and accelerate innovation for our customers. This transaction represents our first acquisition under new ownership and is aligned with CDK’s focus on acquisitions to build upon our industry-leading software platform and comprehensive suite of technology solutions,” Brian MacDonald, CDK Global President and CEO.

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