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KAR buys STRATIM to boost ride-sharing fleet management business [Reuters]

KAR AUCTION SERVICES (KAR)  More Company Research Source: Reuters
Last kar auction services earnings: 5/8 04:15 pm Check Earnings Report
US:NYSE Investor Relations: karauctionservices.com/investor-relations
PDF KAR buys STRATIM to boost ride-sharing fleet management business | Reuters 3 Min Read DETROIT, Feb 7 (Reuters) - KAR Auction Services Inc, a leading U.S. operator of car auction and salvage services, said on Wednesday it has acquired fleet management software company STRATIM to enter the nascent industry of providing services to ride-sharing and other transportation-as-a-service providers. Carmel, Indiana-based KAR did not disclose terms for the acquisition of STRATIM, a San Francisco-based startup. STRATIM is already tracking more than 1 million vehicles in car- or ride-sharing services for around 50 customers in North America, including major automakers, to help them boost usage and keep their vehicle fleets in working order. STRATIM’s platform operates in 20 U.S. cities and clients include General Motors Co’s Maven car sharing and rental unit, Ford Motor Co’s Chariot shuttle service, Toyota Motor Corp and BMW AG. Major automakers are racing to roll out alternatives to private car o [Read more]

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