Auto Trader Expands with Software Acquisition
Auto Trader Group, an automotive classified advertising business, has purchased a software specialist for an undisclosed sum. The specialist in cause is KeeResources, a company that provides its services to the automotive industry, including a detailed vehicle taxonomy dataset for new and used cars which Auto uses to power its platform. Funded in 2000, the software company operates out of offices in High Wycombe and Eastleigh. Its reported annual revenue and operating profit for the financial year to 31 December 2018 was reported to be of £5.5 million and £800,000 respectively. “KeeResources has been an integral supplier to Auto Trader, as their unique vehicle taxonomy data underpins much of our core platform. Strategically, we believe it’s important to own and develop such a valuable data source,” commented Nathan Coe, chief executive-designate of Manchester-headquartered Auto Trader. Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News Manufacturing & Engineering Magazine (MEM), is a the leading UK based monthly print & digital publication focused on promoting innovation in manufacturing and engineering available here in the UK. We cover : SUSTAINABILITY (Waste & Water Management, Recycling, Energy); INMOTION (Rail, Marine, Aerospace, Automotive, Defence); INFRASTRUCTURE (Oil & Gas, Nuclear, Construction); Healthcare (Medical), TECHNOLOGY(Printed, Connected, Software, Composite); MANUFACTURING (Chemical, Metals, Plastics, Electronics, Electrical); CONSUMER GOODS(Furniture, Electrical, Electronics, Food) to name but a few. We have over 50,000 views of each issue of MEM on average in 2022 and go to print monthly and also publish in our newsletter, (each issue is available free for 12 months digitally). Our focus is aligned across the next 12 months with our global media partnerships around Trade Events and also contains original content.
