Headline: J.D. Power Acquires Autovista Group
Deal Type: Acquisition
Acquiring Company: J.D. Power
Target Company: Autovista Group
Target Company Services: Vehicle Data and Analytics
Deal Valuation (if available): Not disclosed
Country of Target: UK
Target Company Industry: Automotive
Deal Rationale: This acquisition will provide comprehensive global valuation and forecasting solutions, crucial for various aspects of the automotive industry, including production optimization, residual value calculation, and risk assessment. The deal is expected to close by the end of 2023, subject to regulatory review.
Deal Summary: J.D. Power is acquiring Autovista Group, which operates several automotive brands, to strengthen its vehicle valuation and data analytics capabilities and expand into European and Australian automotive markets.