Auto Trader Group Plc, the UK’s largest automotive marketplace has acquired the share capital of Autorama UK Ltd – owner of Vanarama, the van specialist leasing company – in a deal worth up to £200 million, subject to regulatory approvals.

Autorama, under its Vanarama brand, is a platform for aggregating leasing deals from multiple funders and OEMs (under its “Vanarama” brand) and has successfully sold more than 120,000 vehicles to date.

The automotive market place says the acquisition would provide greater choice for customers to the Auto Trader platform who prefer to lease a vehicle rather than buy.

 

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