StockMarketWire.com - Automotive marketplace Auto Trader announced the acquisition of KeeResources for an undisclosed sum.   

Founded in 2000, KeeResources provided software solutions, data and services to the automotive industry, including a detailed vehicle taxonomy dataset for new and used cars which Auto Trader used to power its platform.

KeeResources annual revenue and operating profit for the financial year ending December 2018 was £5.5m and £0.8m 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,’ said Auto Trader CEO-Designate, Nathan Coe.




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