CDK Global Acquires Computerized Vehicle Registration (CVR)
June 30, 2023
CDK Global has acquired full ownership of Computerized Vehicle Registration (CVR), a provider of electronic vehicle titling and registration services used by dealerships, insurers, lenders and tag agencies. CVR processes nearly 15 million vehicle transactions and more than 4 million DMV inquiries annually across 17 states; CDK plans to integrate and invest in CVR to expand its dealer-facing software and services.
- Buyers
- CDK Global, Inc.
- Targets
- Computerized Vehicle Registration (CVR)
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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