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Stockreport

KAR Accelerates Mobility Strategy with Acquisition of STRATIM

KAR AUCTION SERVICES (KAR)  More Company Research Source: GlobeNewswire
Last kar auction services earnings: 5/8 04:15 pm Check Earnings Report
US:NYSE Investor Relations: karauctionservices.com/investor-relations
PDF CARMEL, Ind., Feb. 07, 2018 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, announced the acquisition of mobility and fleet management software company STRATIM. The addition of STRATIM supplements KAR’s broad portfolio of wholesale used vehicle physical, online and digital auction marketplaces and ancillary service providers. The acquisition also expands the company’s presence into the rapidly growing market of on-demand car and ride sharing services, urban commute providers and autonomous vehicles. “As the automotive industry continues to transform, we’re making meaningful investments in technology, data and analytics to meet the evolving needs of our customers and expand market opportunities,” said Jim Hallett, chairman and CEO of KAR. “STRATIM’s first-of-its kind mobility management solution is already supporting the fleets of some of our commercial customers, and this is a natural extension of those rel [Read more]

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