Powered by

-CarGurus signs agreement for acquisition of motoring website PistonHeads from Haymarket Media Group : Acquisition will expand UK audience for the fast-growing online automotive marketplace

Dec 05, 2018 - ENP Newswire

CAMBRIDGE, Mass.- CarGurus, Inc. (NASDAQ: CARG), a leading global automotive marketplace, and Haymarket Media Group, a specialist international media company, today announced they have signed an agreement for CarGurus to acquire used car motoring website PistonHeads. The acquisition is another step in CarGurus' plans to accelerate growth and expand its consumer audience in the UK, where it launched in 2015.

Following completion of the acquisition, CarGurus intends to operate PistonHeads as...