CarTrade shifts into overdrive with acquisitions

07 May 2017

After acquiring CarWale from German media conglomerate Axel Springer for $120 million U.S. (Rs 790 crore) last year, CarTrade (owned by MXC Solutions) now made another strategic acquisition, when it bought Adroit Inspection, a vehicle-inspection and -valuation business, in an all-cash deal, reported Economic Times (ET). The exact value of the deal was not disclosed.

This article is only available to AIM Group clients.

Please subscribe now or to view.

Radhika Sachdev