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.

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Radhika Sachdev