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
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.