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  6. Tekion Acquires Tekion Digital Processing

M&A Deal Summary

Tekion Acquires Tekion Digital Processing

On July 26, 2023, Tekion acquired internet software and services company Tekion Digital Processing

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

M&A Deal Summary
Date 2023-07-26
Target Tekion Digital Processing
Sector Internet Software and Services
Buyer(s) Tekion
Deal Type Add-on Acquisition

Target

Tekion Digital Processing

Dallas, Texas, United States
Tekion Digital Processing simplifies cross-state transactions of vehicle purchases for dealers, OEMs, consumers, and industry partners. Tekion Digital Processing is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Tekion

Pleasanton, California, United States
Category Company
Founded 2016
Sector Software
DESCRIPTION

Tekion is an application software provider that has developed the only cloud-native, end-to-end comprehensive platform in the automotive retail industry. Tekion was founded in 2016 and is based in Pleasanton, California.

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: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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