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M&A Deal Summary

CitNOW Acquires Quik

On May 26, 2021, CitNOW acquired internet software and services company Quik

Acquisition Highlights
  • This is CitNOW’s 1st transaction in the Internet Software and Services sector.
  • This is CitNOW’s 1st transaction in the United States.
  • This is CitNOW’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-05-26
Target Quik
Sector Internet Software and Services
Buyer(s) CitNOW
Deal Type Add-on Acquisition

Target

Quik

Quincy, Massachusetts, United States
Quik is an integrated cloud-based SaaS company that has pioneered industry-leading digital service technology in the automotive industry. It features digital multi-point inspections, video, parts-pricing and availability, customer communications, and online payment options that fully integrate with existing dealership management systems. Quik is based in Quincy, Massachusetts.

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Buyer(S) 1

Buyer

CitNOW

Wokingham, United Kingdom
Category Company
Founded 2008
Sector Internet Software and Services
DESCRIPTION

CitNOW is a specialist provider of video applications that create a more transparent, easier car buying and owning experience for automotive dealership customers. CitNOW's applications improve the performance of automotive dealerships by allowing staff to send personalized, branded video presentations of vehicles for sale. In addition, workshop technicians use CitNOW’s Workshop app to send videos to customers to evidence parts that need replacing when cars are brought in for service. CitNOW was founded in 2008 and is based in Wokingham, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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