Auto Trader Group plc Acquisition of KeeResources Limited (4242O)
October 02 2019 - 1:00AM
UK Regulatory
TIDMAUTO
RNS Number : 4242O
Auto Trader Group plc
02 October 2019
2 October 2019
AUTO TRADER GROUP PLC
Auto Trader Group plc announces acquisition of KeeResources
Limited
Auto Trader Group plc (LSE: AUTO), the UK's largest automotive
marketplace, today announces the acquisition of KeeResources
Limited ('KeeResources') for an undisclosed sum.
Founded in 2000, KeeResources is a trusted provider of software
solutions, data and services to the automotive industry, including
a detailed vehicle taxonomy dataset for new and used cars which
Auto Trader uses to power its platform.
Auto Trader CEO-Designate, Nathan Coe, said: "KeeResources has
been an integral supplier to Auto Trader, as their unique vehicle
taxonomy data underpins much of our core platform. Strategically we
believe it's important to own and develop such a valuable data
source."
KeeResources annual revenue and Operating profit for the
financial year ending December 2018 was GBP5.5m and GBP0.8m
respectively.
- Ends -
For media information
Powerscourt (Rob Greening or Lisa Kavanagh)
autotrader@powerscourt-group.com +44 (0)20 7250 1446
About Auto Trader
Auto Trader Group plc is the UK and Ireland's largest digital
automotive marketplace. Auto Trader sits at the heart of the UK's
vehicle buying process and its primary activity is to help vehicle
retailers compete effectively on the marketplace in order to sell
more vehicles, faster. Auto Trader listed on the London Stock
Exchange in March 2015 and is now a member of the FTSE 100
Index.
The marketplace brings together the largest and most engaged
consumer audience. Auto Trader has around 90% prompted brand
awareness and attracts circa 50 million monthly cross platform
visits each month, with over 70% of visits coming through mobile
devices.
The marketplace also has the largest pool of vehicle sellers
(listing around 450,000 cars each day). Over 80% of UK automotive
retailers advertise on autotrader.co.uk.
For more information, please visit
http://about-us.autotrader.co.uk
About KeeResources
KeeResources, established in 2000, is a trusted provider of
software, vehicle data, and digital solutions to the automotive
industry.
Our data powers systems, websites and apps for many of the
automotive industries biggest brands, including vehicle
manufacturers, leasing companies, dealer groups and media
owners.
For more information, please visit:
https://www.keeresources.com/
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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