LONDON (ShareCast) - (Sharecast News) - Automotive marketplace operator Auto Trader Group announced the acquisition of KeeResources for an undisclosed sum on Wednesday.
The FTSE 100 company described KeeResources as a "trusted provider" of software solutions, data and services to the automotive industry, including a detailed vehicle taxonomy dataset for new and used cars which Auto Trader used to power its platform.

"KeeResources has been an integral supplier to Auto Trader, as their unique vehicle taxonomy data underpins much of our core platform," said Auto Trader chief executive officer-designate Nathan Coe.

"Strategically we believe it's important to own and develop such a valuable data source."

KeeResources annual revenue and operating profit for the financial year ending December 2018 was £5.5m and £0.8m respectively.

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