Cazoo announces Cazana acquisition
- Posted by: Alan Feldberg
- Category: News
Online retailer Cazoo has acquired Cazana for approximately £25m.
Cazana owns one of the most comprehensive vehicle pricing datasets globally, having built an extensive dataset of over 500 million historic vehicle transactions from over 40 countries including the UK, Germany, France, Spain and Italy, and its tools are used by car manufacturers, lenders, fleet owners and insurers.
Its products include real-time vehicle valuation, pricing and stock management tools.
Alex Chesterman OBE, founder and CEO of Cazoo said: “This acquisition will enhance our data team and capabilities and enable us to further optimise our buying and pricing of vehicles across the UK and Europe.”
Tom Wood, CEO of Cazana said: “I am very proud of what we have built and what the Cazana team has achieved over the past few years. We now have comprehensive vehicle data across Europe and our extensive dataset, products and tools are highly valued by our customers. Cazoo has a clear vision and strategy to provide the best full stack car buying and selling experience across Europe and by joining forces, the Cazana team, data and products will continue to play a key part in accelerating the digital transformation of the industry.”