Dealertrack Technologies Buys ASR Pro - Quick Facts

(RTTNews) - Dealertrack Technologies (TRAK) announced that it has acquired substantially all of the assets of ASR Pro.

Commenting on ASR Pro, the company said it is designed to help maximize workflow efficiencies and increase profitability for automotive service and parts departments within dealerships. The company helps track, measure and manage service sales and utilization for dealers to create additional service opportunities, increase profits, improve customer satisfaction and grow their customer base.

Total consideration for the transaction is about $14 million in cash and Dealertrack shares, subject to standard purchase price adjustments. Additionally, there is $3 million of contingent consideration, subject to attaining future performance targets.