Expands company’s footprint in New Jersey market. IAA, Inc. (NYSE: IAA) announced today that it has acquired the entirety of the assets of Marisat, Inc. that does business as Auto Exchange, a salvage recovery industry leader in New Jersey. IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were […]
AASP/NJ Virtual Meeting Presents Industry Solutions
To help bring forth practical solutions to help collision repairers overcome some of the industry’s most common obstacles, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) welcomed business coach Barrett R. Smith of Auto Damage Experts, Inc. to lead a special discussion, “Are You at the End of Your Rope? Thinking There Has […]
Copart Opens New Location in North Dakota
Copart Inc. (NASDAQ: CPRT) announced a new location in Bismarck, N.D. “We’re excited to serve our customers in North Dakota from our new location in Bismarck,” said Glenn Shipman, General Manager of Copart Bismarck. Copart Bismarck will host weekly auctions at noon every Monday.
Volkswagen Plans to Use New 3D printing Process in Vehicle Production
Volkswagen is pressing ahead with the use of 3D printers in car production including components used in the A-pillar of the T-Roc convertible. For the first time, the newest process – known as binder jetting – is being used to manufacture components at the company’s main plant in Wolfsburg, Germany. Whereas conventional 3D printing uses […]
Jun Liao Named Regional President, Asia Pacific at Axalta
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Jun Liao is joining the Company as Regional President, Asia-Pacific effective July 15. Liao will report directly to CEO Robert Bryant and will manage all of Axalta’s business operations in the Asia-Pacific region and drive the Company’s growth strategy in the region. “Asia Pacific represents one of […]
Boyd Group Acquires Collision Repair Center in Pittsburgh
The Boyd Group Inc. announced the acquisition of a collision repair center in Pittsburgh, Pa. This new Gerber Collision & Glass location operated as Wolbert Auto Body & Repair and provided service in the community for 49 years. Pittsburgh is the second largest city in Pennsylvania, the county seat of Allegheny County, and the primary […]
Cambridge Mobile Telematics Acquires TrueMotion
Cambridge Mobile Telematics (CMT), the leader in mobile telematics and analytics, announced it has acquired TrueMotion, the second largest mobile telematics provider. CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, […]
Tractable Raises $60 Million
Tractable announced a $60M Series D investment led by Insight Partners and Georgian. The round doubles the total raised by Tractable from $55 million to $115 million and values the company at $1 Billion Tractable’s artificial intelligence (AI) analyzes vehicle damage photos in real time to accelerate decisions that can otherwise take days, such as […]
Atlas Copco Acquires North Carolina Compressor Distributor
Atlas Copco has acquired the operating assets of Compressed Air Systems, Inc. (CAS), a distributor of compressors located in North Carolina in the U.S. CAS is a privately owned company and has 30 employees. The company is located in Salisbury, North Carolina. CAS will become part of the service division within the Compressor Technique Business Area. […]
Mitchell Partners with Toyota to Provide Collision Repair Facilities with Real-Time Access to Vehicle Recall Data
Mitchell today announced that Mitchell Cloud Estimating now surfaces VIN-specific recall notices on Toyota vehicles. This gives collision repairers timely access to safety recall information as the estimate is written, helping to improve safety recall completions. The National Highway Traffic Safety Administration (NHTSA) recently reported that safety recalls affected more than 53 million vehicles and […]
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