CarsOnTheWeb becomes ADESA Europe
Global remarketing giant KAR Auction Services Inc has launched its ADESA Europe digital auction after rebranding the former Belgium-based CarsOnTheWeb (COTW).
Acquired by KAR in February 2019, COTW is now fully integrated into the KAR family, which now extends beyond its existing North America and UK operations into Continental Europe.
“ADESA already has strong brand recognition across North America and the U.K., and CarsOnTheWeb is Continental Europe’s leading cross-border automotive remarketing platform,” said Benjamin Skuy, KAR’s executive vice president for international markets and strategic initiatives. “There is no better way to fully welcome CarsOnTheWeb to the KAR family than by extending the ADESA brand to all of Europe. Backed by KAR’s auto tech, data, ancillary service capabilities and strong industry relationships, ADESA Europe will lead and accelerate the evolution of the European marketplace.”
“We are already leveraging KAR’s reputation as our new parent company, and now, as a true ADESA brand, we can further advance our proven, profitable operating model,” said Johan Meyssen, CEO of ADESA Europe. “As ADESA Europe, we have the power to deliver seamless, convenient and connected services on a global scale and continue to drive growth and better serve our customers.”