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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