Tekion Acquires Five64
July 26, 2023
Tekion, the cloud-native automotive retail platform, has acquired Five64, an interstate and state vehicle registration and titling solutions provider. Five64 will be integrated as Tekion Digital Processing (TDP) into Tekion's platform to simplify cross-state transactions for dealers, OEMs and consumers; Five64 CEO Hoke Smith will join Tekion to lead registration and titling services.
- Buyers
- Tekion
- Targets
- Five64
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Buyout
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