Belfast Telegraph and Irish Independent owner Mediahuis has bought Irish online motoring marketplace Carzone from Auto Trader Group.
Explaining the deal, Mediahuis said: “With the shift in sentiment towards digital retailing, the acquisition of Carzone strengthens Mediahuis’ marketplace division in Ireland, bringing a unique offering to significantly improve the buying experience for consumers and represents an exciting opportunity for the motoring industry.”
Mediahuis already owns online marketplace CarsIreland.ie, and Cartell.ie, a car history check service.
Auto Trader Group chief executive Nathan Coe said the company remains focused on its strategy in the UK.
Source: Mediahuis
Deal size: Undisclosed
Country: Ireland
Status: Official
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