ADESA Acquires OpenLane for $210,000,000

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    2200 Bridge Parkway Redwood City, CA 94065
  • Company Description
    OPENLANE, Inc. is a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada.
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  • Proceeds Purposes
  • M&A Terms
    The acquisition will be paid for with all cash.