Openlane - M&A Summary and Business Overview

Internet Software And ServicesCompany

Openlane M&A Summary

Openlane has acquired 1 company, including 1 in the last 5 years.

Openlane’s largest acquisition to date was in 2023, when it acquired Manheim Canada for $95M. The Company’s most targeted sectors include automotive (100%).

Openlane Business Overview

Where is Openlane headquartered?

Openlane is headquartered in Carmel, Indiana.

What is Openlane’s revenue?

Openlane disclosed revenue of 1,519M USD for 2022 and 2,251M USD for 2021.

How many employees does Openlane have?

Openlane has 3,960 employees.

What sector is Openlane in?

Openlane is an internet software and services company.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Openlane

Openlane, Inc.

11299 North Illinois Street,
Carmel, Indiana 46032
United States,
(800) 923-3725
corporate.openlane.com

Openlane provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. Openlane is based in Carmel, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - - - 1 - 1
vol $95M $95M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Manheim Canada 2023-12-04 95M USD Divestiture
Milton, Ontario · www.manheim.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 1 (100%) 95M (100%) - -
Total 1 $95M - -

By Geo

State/Country Buy Value Sell Value
Canada 1 95M - -
  Ontario 1 95M - -
Total 1 $95M - -

Deal Values

buy # Total
< $100M 1 $95M
TOTAL $95M
Largest Manheim Canada
$95M (2023-12-04)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Internet Software and Services

Revenue

1,519   33% 2022
2,251   3% 2021
2,187   22% 2020
2,781   2019
(millions of USD) Show More Show Less

Employees

3,960

Public

NASDAQ: KAR

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