M&A Deal Summary

Manheim Acquires Synthetik Applied Technologies - Undercarriage Imaging Technology

On January 23, 2023, Manheim acquired information technology company Synthetik Applied Technologies - Undercarriage Imaging Technology from Synthetik Applied Technologies

Acquisition Highlights
  • This is Manheim’s 1st transaction in the Information Technology sector.
  • This is Manheim’s 2nd transaction in the United States.
  • This is Manheim’s 1st transaction in Texas.

M&A Deal Summary

Date 2023-01-23
Target Synthetik Applied Technologies - Undercarriage Imaging Technology
Sector Information Technology
Buyer(s) Manheim
Sellers(s) Synthetik Applied Technologies
Deal Type Divestiture

Target

Synthetik Applied Technologies - Undercarriage Imaging Technology

Austin, Texas, United States
Synthetik Applied Technologies' Undercarriage Imaging Technology includes the deployment of Fyusion-powered handheld imaging at all locations, which produced the highest resolution condition report images in the industry. Synthetik Applied Technologies' Undercarriage Imaging Technology is based in Austin, Texas.

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Buyer(S) 1

Buyer

Manheim

Atlanta, Georgia, United States

Category Company
Founded 1945
Sector Automotive
Employees20,000
DESCRIPTION

Manheim was established in 1945 as a wholesale vehicle auction operation. With 20,000 employees in 107 operating locations around the globe, Manheim is the world’s leading provider of vehicle remarketing services. In 2012, Manheim handled nearly 8 million used vehicles, facilitating transactions representing more than $50 billion in value.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 CarBizz

São Paulo, Brazil

CarBizz specializes in the remarketing of used trucks and large fleets. Company is an fastest growing automotive markets in the world, and this first move into that market supports.

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Seller(S) 1

SELLER

Synthetik Applied Technologies

Austin, Texas, United States

Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

Synthetik Applied Technologies is experienced in the development, training and effective implementation of AI applications. Synthetik Applied Technologies work with commercial clients and US government agencies to provide computer vision and machine learning expertise, including large-scale synthetic data generation. Synthetik Applied Technologies was founded in 2017 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 Saleria

London, United Kingdom

Saleria is an innovative research and development (R&D) company specializing in the mitigation and containment of blast, ballistic and thermal threats with the mission to create protection solutions that save lives and secure infrastructure. The company works with organizations and governments to develop solutions based on its technologies and experience in defense and security. It does this through co-development, integrating technology into existing systems, funded research, licensing, and more. Saleria is based in London.

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