M&A Deal Summary

Openlane Acquires LiveBlock Auctions International

On June 26, 2008, Openlane acquired software company LiveBlock Auctions International

Acquisition Highlights
  • This is Openlane’s 1st transaction in the Software sector.
  • This is Openlane’s 1st transaction in Canada.
  • This is Openlane’s 1st transaction in Saskatchewan.

M&A Deal Summary

Date 2008-06-26
Target LiveBlock Auctions International
Sector Software
Buyer(s) Openlane
Deal Type Add-on Acquisition

Target

LiveBlock Auctions International

Regina,, Saskatchewan, Canada
LiveBlock Auctions International Inc. develops and markets online auction software for a live and static platform.

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Buyer(S) 1

Buyer

Openlane

Carmel, Indiana, United States

Category Company
Founded 2006
Sector Business Services
Employees3,960
Revenue 1.6B USD (2023)
DESCRIPTION

Openlane provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. Openlane’s unique end-to-end platform supports whole car, financing, logistics, and other ancillary and related services. Its integrated physical, online and mobile marketplaces reduce risk, improve transparency, and streamline transactions for customers in more than 80 countries. Openlane was formed in 2006 and is headquartered in Carmel, Indiana.


DEAL STATS #
Overall 3 of 17
Sector (Software) 1 of 4
Type (Add-on Acquisition) 2 of 13
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 3
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-26 Dent Demon

Matthews,, North Carolina, United States

Dent Demon, engages in paintless dent removal (PDR) services for automobiles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-03 The Premier Auction - Six Used Vehicle Auctions

United States

The Premier Auction Group comprises auto auction centers and offers auction services.

Buy -