Boyes Turner is proud to have assisted Auto Trader in its latest acquisition. The Boyes Turner team was led by partner Kate Eavis.
Auto Trader Group plc, the UK's largest digital automotive marketplace, announced the acquisition of Macclesfield-based Motor Trade Delivery Limited ("MTD") on 25th April. Founded in 2013, MTD operates an online real-time marketplace for the trade delivery of vehicles across the UK. Through the platform, car dealerships and rental companies list 'jobs' - vehicles that need moving to another retailer site or a customer - and logistics providers bid for the jobs via a live auction process. Dealerships get the best possible price for the vehicle movement without needing to contact multiple potential providers and the logistics providers save time and money by getting access to greater volumes of work.
Auto Trader CEO, Trevor Mather, said: "We have been extremely impressed by the technology platform and customer base that MTD has built in a short space of time and are delighted to be welcoming them to the Auto Trader team. We believe that their innovative product, combined with our scale, industry knowledge and relationships, will create an offering with growth potential that will strengthen our trade-to-trade business”.
Kate Eavis said “we are very pleased to have advised Auto Trader on this acquisition. Auto Trader is always looking for ways to strengthen their offering to customers and we think that this latest acquisition offers them the opportunity to do just that”.
Boyes Turner’s Reading roots and ready access to the silicon corridor have seen it build a nationally and internationally recognised specialism in technology and related sectors. The firm now has 17 lawyers working primarily or exclusively on high tech, digital media and other innovation focused clients.
Kate Eavis is a corporate lawyer with extensive experience in the technology and life sciences sectors.
Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.