IAA, Inc. Announces Acquisition of SYNETIQ Ltd
Aitechpark25 Oct, 2021Technology
Expands presence in the United Kingdom, broadens portfolio and differentiates offering IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announced it has signed an agreement to acquire the stock of SYNETIQ Ltd. (“SYNETIQ”), a leading integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million. IAA, Inc. will acquire the stock of SYNETIQ through its indirect wholly owned subsidiary IAA International Holdings Limited.
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