KAR Auction Services, a provider of end-to-end vehicle remarketing services, has acquired GRS Remarketing Limited, a subsidiary of Greenhous Group Limited.
“During the past 20 years, GRS has established a successful online vehicle remarketing business in the UK through robust technology, effective sales and operations, a healthy buyer network and strong relationships with commercial customers,” said Jim Hallett, KAR chief executive officer and chairman.
GRS will be renamed ADESA UK following the completion of the sale. Jonathan Holland, vice president of business development for ADESA UK, will assume the position of managing director.
This is KAR’s second acquisition in the United Kingdom, following the purchase of salvage company HBC Vehicle Services in June 2015.
Published in the July 2016 Edition of American Recycler News