ADESA Announces Deal To Buy DataScan's Vehicle Inspection Business

(RTTNews) - ADESA, a business unit of KAR Auction Services, Inc. (KAR), said Monday that its subsidiary, AutoVIN, has signed a definitive agreement to buy the vehicle inspection business from DataScan Field Services, a JM Family Enterprises company.

DataScan utilizes web-based technology to perform vehicle inspection services for major auto manufacturers, financial institutions, leasing companies and warranty companies.

AutoVIN provides professional field information services, specializing in vehicle condition reporting, inventory verification auditing, compliance auditing and facility inspections.

The two combined companies will serve all major vehicle leasing companies and auto lenders with inspection needs.

The deal is expected to close within the next 60 days.