- US-based Openlane operates a digital marketplaces for wholesale used vehicles
- The proposed acquisition advances Openlane’s digital strategy by adding Manheim Canada inventory, buyers, sellers and corresponding data to the Openlane Canada digital marketplace
- It includes the Manheim Montreal facility and auction sales, operations and select staff across Manheim Canada
Openlane, a portfolio company of Apax Partners, has agreed to acquire the Manheim Canada business from Cox Automotive, an Atlanta-based provider of automotive dealer solutions.
