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Auction group Manheim makes digital business acquisition

Manheim has stepped up activity in the digital online space with the acquisition of an electronic truck and trailer remarketing business.

EVS Online Auctions has been acquired from its parent company European Vehicle Sales for an undisclosed sum.

Manheim will now provide domestic and international truck and trailer buyers with a 24/7 electronic auction platform.

EVS Online Auctions lists trucks, trailers and plant equipment from major outright purchase, contract hire, finance and leasing, manufacturer and franchised dealer sources. The electronic auctions operate on a timed basis.

Manheim has also engaged European Vehicle Sales as a strategic partner to support it the delivery of a number of unique products and services for the truck and trailer sector.

John Bailey, Manheim's UK chief executive and president of international operations, said: "Manheim is the world's leading automotive services business and this acquisition further enhances our number one position. We're simplifying the trusted exchange of used vehicles and the industry is in exciting phase of development with the digital environment playing an increasingly significant role."

The EVS Online Auctions team report into James Davis, Manheim's director of commercial vehicles. EVS's business development director, Mark Spavins, will work in a business development capacity headed by Manheim.

Along with Davis, Spavins will be fully engaged in driving Manheim's truck and trailer growth strategy.

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