AutoScout24 finalizes agreement to acquire TRADER Corporation
On August 16, 2024, AutoScout24 GmbH (“AutoScout24”) announced that it signed an agreement to acquire TRADER Corporation ("Trader") from Thoma Bravo, L.P. With the acquisition, the AutoScout24 Group will extend its presence outside of Europe and strengthens its position as a leading global online automotive marketplace.
The transaction is expected to close in the fourth quarter of 2024.
Further information can be found on Canada Newswire’s website.
TRADER Corporation is a trusted Canadian leader in online media, dealership and OEM software, as well as automotive finance services. It is comprised of AutoTrader.ca™, AutoSync and Dealertrack.
AutoScout24 is the leading pan-European online automotive marketplace, with over 2 million vehicle listings, around 30 million users per month and more than 43,000 dealer partners. Its group of companies includes leading online automotive marketplaces in continental Europe, Germany's largest online automotive market for leasing offers, LeasingMarkt.de, and one of Europe's fastest-growing B2B used car trading platforms, AutoProff.